Xponance Inc. Buys 881 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Xponance Inc. boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,532 shares of the real estate investment trust’s stock after purchasing an additional 881 shares during the quarter. Xponance Inc.’s holdings in Annaly Capital Management were worth $1,173,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Annaly Capital Management by 14.4% during the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock worth $40,324,000 after purchasing an additional 269,758 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock valued at $4,828,000 after acquiring an additional 10,404 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $2,721,000. LPL Financial LLC boosted its position in shares of Annaly Capital Management by 9.1% in the third quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock valued at $13,562,000 after acquiring an additional 59,883 shares during the period. Finally, Korea Investment CORP boosted its position in shares of Annaly Capital Management by 33.8% in the third quarter. Korea Investment CORP now owns 313,045 shares of the real estate investment trust’s stock valued at $5,888,000 after acquiring an additional 79,038 shares during the period. Institutional investors own 51.56% of the company’s stock.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 12th. Compass Point began coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Jonestrading raised their target price on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.57 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $18.62. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 14.00%. Annaly Capital Management’s dividend payout ratio is currently -72.02%.

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.