Resona Asset Management Co. Ltd. Acquires Shares of 85,540 Annaly Capital Management, Inc. (NYSE:NLY)

Resona Asset Management Co. Ltd. acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 85,540 shares of the real estate investment trust’s stock, valued at approximately $1,578,000.

Several other institutional investors also recently bought and sold shares of NLY. Wells Fargo & Company MN boosted its stake in shares of Annaly Capital Management by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,008,595 shares of the real estate investment trust’s stock worth $18,457,000 after acquiring an additional 92,959 shares during the last quarter. Guidance Point Advisors LLC boosted its stake in shares of Annaly Capital Management by 4.9% in the fourth quarter. Guidance Point Advisors LLC now owns 16,530 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 768 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Annaly Capital Management by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust’s stock worth $172,706,000 after acquiring an additional 814,917 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of Annaly Capital Management by 6.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 27,960 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 1,628 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Annaly Capital Management by 102.4% in the fourth quarter. Franklin Resources Inc. now owns 186,329 shares of the real estate investment trust’s stock worth $3,410,000 after acquiring an additional 94,290 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Keefe, Bruyette & Woods reduced their price objective on Annaly Capital Management from $21.00 to $20.15 and set an “outperform” rating on the stock in a research report on Tuesday. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have issued 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 $21.29.

Annaly Capital Management Price Performance

NLY opened at $18.83 on Thursday. Annaly Capital Management, Inc. has a 12 month low of $16.65 and a 12 month high of $22.11. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 4.89 and a beta of 1.31. The business has a fifty day moving average price of $20.86 and a 200 day moving average price of $19.95.

Annaly Capital Management (NYSE:NLY) last released 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 return on equity of 14.95% and a net margin of 20.70%. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.87%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s payout ratio is presently 176.10%.

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.