Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,491 shares of the real estate investment trust’s stock after purchasing an additional 12,037 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Annaly Capital Management were worth $887,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Stratos Wealth Advisors LLC lifted its stake in Annaly Capital Management by 93.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock valued at $5,043,000 after buying an additional 132,891 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Annaly Capital Management by 9.9% during the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock valued at $10,780,000 after acquiring an additional 48,555 shares during the last quarter. Citigroup Inc. increased its position in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Howard Financial Services LTD. purchased a new position in Annaly Capital Management in the 4th quarter valued at about $527,000. Finally, Tandem Financial LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $327,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NLY has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Stock Performance

NYSE NLY opened at $20.75 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The firm has a market capitalization of $11.63 billion, a P/E ratio of 13.05, a P/E/G ratio of 4.66 and a beta of 1.52. The business’s 50-day simple moving average is $19.38 and its 200-day simple moving average is $19.71.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Equities analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.53%. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.