Retirement Systems of Alabama Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

Retirement Systems of Alabama grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,530 shares of the real estate investment trust’s stock after acquiring an additional 72,964 shares during the period. Retirement Systems of Alabama owned about 0.16% of Annaly Capital Management worth $16,535,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NLY. Avior Wealth Management LLC increased its position in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares during the period. UMB Bank n.a. lifted its position in Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the period. Blue Trust Inc. boosted its stake in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its stake in Annaly Capital Management by 68.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,200 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NLY has been the subject of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Argus raised 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 report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $20.66 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.08 and a current ratio of 0.12. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 12.99 and a beta of 1.52. The firm has a fifty day moving average price of $19.34 and a 200 day moving average price of $19.70. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data 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 return on equity of 14.95% and a net margin of 20.70%. As a group, sell-side analysts expect that Annaly Capital Management, Inc. will post 2.72 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.59%. Annaly Capital Management’s payout ratio is currently 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.