QRG Capital Management Inc. Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

QRG Capital Management Inc. grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334,780 shares of the real estate investment trust’s stock after buying an additional 7,420 shares during the quarter. QRG Capital Management Inc. owned 0.06% of Annaly Capital Management worth $6,126,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 209.9% in 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 purchasing an additional 850 shares during the period. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. UMB Bank n.a. increased its position in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,030 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Annaly Capital Management during the 4th quarter worth $50,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Annaly Capital Management by 68.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NLY shares. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. 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 restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Trading Up 1.1 %

Shares of Annaly Capital Management stock opened at $21.97 on Friday. The business’s fifty day moving average price is $19.89 and its 200 day moving average price is $19.86. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.05. The stock has a market capitalization of $12.70 billion, a P/E ratio of 13.81, a PEG ratio of 4.89 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (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 14.95%. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued 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 dividend yield of 11.84%. Annaly Capital Management’s payout ratio is currently 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.