Annaly Capital Management Inc $NLY Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,839 shares of the real estate investment trust’s stock after purchasing an additional 45,001 shares during the period. Rockefeller Capital Management L.P.’s holdings in Annaly Capital Management were worth $5,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NLY. Audent Global Asset Management LLC bought a new stake in Annaly Capital Management in the fourth quarter valued at $2,039,000. SHP Wealth Management acquired a new stake in shares of Annaly Capital Management in the 4th quarter worth about $43,000. S Harris Financial Group LLC bought a new stake in Annaly Capital Management in the 4th quarter valued at about $222,000. SG Trading Solutions LLC bought a new stake in Annaly Capital Management in the 4th quarter valued at about $1,339,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Annaly Capital Management during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $22.92 on Friday. The company has a market capitalization of $16.79 billion, a PE ratio of 7.74, a P/E/G ratio of 6.89 and a beta of 1.17. The stock’s fifty day moving average is $22.07 and its 200-day moving average is $22.45. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. On average, equities research analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.1%. Annaly Capital Management’s payout ratio is 94.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NLY shares. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday, June 17th. JonesTrading restated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.