Wilmington Savings Fund Society FSB Decreases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Wilmington Savings Fund Society FSB lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,080 shares of the real estate investment trust’s stock after selling 612 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Annaly Capital Management were worth $93,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Annaly Capital Management by 8.1% in 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 acquiring an additional 1,342,056 shares during the last quarter. State Street Corp raised its stake in Annaly Capital Management by 1.3% in the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after acquiring an additional 223,294 shares during the last quarter. Geode Capital Management LLC raised its stake in Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after acquiring an additional 241,465 shares during the last quarter. KBC Group NV raised its stake in Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Annaly Capital Management by 531.3% in 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 acquiring an additional 3,350,435 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.94 on Friday. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.74 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 4.66 and a beta of 1.52. The stock’s 50-day moving average price is $19.43 and its 200-day moving average price is $19.73.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS 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, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.42%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 163.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NLY shares. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective 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 upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.44.

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.