Clarity Financial LLC Purchases 373,959 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Clarity Financial LLC raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 112.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 707,130 shares of the real estate investment trust’s stock after acquiring an additional 373,959 shares during the period. Annaly Capital Management comprises 1.5% of Clarity Financial LLC’s portfolio, making the stock its 24th biggest position. Clarity Financial LLC owned about 0.13% of Annaly Capital Management worth $12,940,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its holdings in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after purchasing an additional 3,664,098 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after buying an additional 3,350,435 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after buying an additional 1,342,056 shares during the last quarter. ORG Wealth Partners LLC grew its holdings in shares of Annaly Capital Management by 5,113.5% in the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after acquiring an additional 773,215 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Annaly Capital Management by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after acquiring an additional 541,869 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NLY shares. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, October 31st. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Price Performance

NLY opened at $20.42 on Friday. The business has a fifty day simple moving average of $19.27 and a 200 day simple moving average of $19.70. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The company has a market capitalization of $11.45 billion, a PE ratio of 12.84 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 15.30%. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.71 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.73%. Annaly Capital Management’s dividend payout ratio is 163.52%.

Annaly Capital Management 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.