Annaly Capital Management Inc $NLY Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 145.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,438 shares of the real estate investment trust’s stock after acquiring an additional 343,499 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Annaly Capital Management worth $12,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after purchasing an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Annaly Capital Management by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 4,205 shares during the last quarter. Millennium Management LLC grew its position in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after acquiring an additional 80,481 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NLY. BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, January 6th. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company restated an “overweight” rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $22.42 on Friday. The firm has a market capitalization of $16.10 billion, a PE ratio of 7.57, a P/E/G ratio of 7.02 and a beta of 1.23. Annaly Capital Management Inc has a 1-year low of $18.43 and a 1-year high of $24.52. The business’s fifty day moving average price is $22.22 and its two-hundred day moving average price is $22.30.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Equities research analysts expect that Annaly Capital Management Inc will post 2.93 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s payout ratio is presently 94.59%.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steven Francis Campbell sold 28,225 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares in the company, valued at $4,727,831.92. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,252 shares of company stock valued at $1,639,995 over the last three months. 0.22% of the stock is currently owned by company insiders.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.