Aster Capital Management DIFC Ltd Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

Aster Capital Management DIFC Ltd raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 4,538.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,707 shares of the real estate investment trust’s stock after purchasing an additional 21,239 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Annaly Capital Management were worth $397,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Stratos Wealth Advisors LLC increased its holdings in Annaly Capital Management by 93.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock valued at $5,043,000 after buying an additional 132,891 shares during the period. Wellington Management Group LLP raised its position in shares of Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after acquiring an additional 48,555 shares in the last quarter. Howard Financial Services LTD. purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth $527,000. Tandem Financial LLC purchased a new position in Annaly Capital Management in the fourth quarter valued at about $327,000. Finally, Wernau Asset Management Inc. bought a new position in Annaly Capital Management in the fourth quarter worth about $229,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NLY shares. Barclays assumed coverage on shares of 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. increased their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $18.82 on Monday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.11. The business’s 50-day simple moving average is $21.03 and its two-hundred day simple moving average is $20.03. The company has a market cap of $10.88 billion, a PE ratio of 11.83, a PEG ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating 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, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.88%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is presently 176.10%.

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.