Swiss National Bank Purchases 38,700 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Swiss National Bank lifted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,520,400 shares of the real estate investment trust’s stock after buying an additional 38,700 shares during the period. Swiss National Bank owned about 0.27% of Annaly Capital Management worth $27,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Annaly Capital Management by 4.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,864 shares of the real estate investment trust’s stock valued at $19,505,000 after purchasing an additional 40,781 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Annaly Capital Management by 213.7% during the third quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock valued at $1,130,000 after purchasing an additional 38,361 shares during the period. OneDigital Investment Advisors LLC bought a new position in Annaly Capital Management during the third quarter valued at approximately $239,000. CIBC Asset Management Inc lifted its position in Annaly Capital Management by 6.0% during the third quarter. CIBC Asset Management Inc now owns 17,627 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,001 shares during the period. Finally, Natixis Advisors LLC lifted its position in Annaly Capital Management by 15.4% during the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 6,469 shares during the period. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NLY. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $21.85 on Tuesday. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The company’s fifty day moving average price is $20.48 and its 200-day moving average price is $19.97.

Annaly Capital Management (NYSE:NLY) last announced 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%. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal 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 12.82%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

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.