New Mexico Educational Retirement Board Grows Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

New Mexico Educational Retirement Board boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,325 shares of the real estate investment trust’s stock after acquiring an additional 10,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Annaly Capital Management were worth $2,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Stratos Wealth Advisors LLC boosted its stake in shares of Annaly Capital Management by 93.1% during 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 during the last quarter. Wellington Management Group LLP boosted its stake in shares of Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock valued at $10,780,000 after buying an additional 48,555 shares during the last quarter. Citigroup Inc. boosted its stake in shares of 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 valued at $13,091,000 after buying an additional 120,163 shares during the last quarter. Howard Financial Services LTD. purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $527,000. Finally, Tandem Financial LLC purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $327,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NLY. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. 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 report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $21.24 on Friday. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The business’s fifty day moving average price is $19.46 and its two-hundred day moving average price is $19.74. The firm has a market capitalization of $11.90 billion, a PE ratio of 13.36, a P/E/G ratio of 4.66 and a beta of 1.52.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 163.52%.

Annaly Capital Management Company Profile

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.