Amalgamated Bank Buys 7,237 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Amalgamated Bank raised its holdings in Annaly Capital Management, Inc. (NYSE:NLYFree Report) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 327,606 shares of the real estate investment trust’s stock after buying an additional 7,237 shares during the quarter. Amalgamated Bank owned about 0.07% of Annaly Capital Management worth $6,162,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Selway Asset Management bought a new stake in shares of Annaly Capital Management in the 3rd quarter worth approximately $26,000. Creative Financial Designs Inc. ADV grew its position in shares of Annaly Capital Management by 886.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,637 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,471 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Annaly Capital Management by 52.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,652 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 569 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of Annaly Capital Management during the third quarter valued at approximately $34,000. Finally, Lazard Asset Management LLC boosted its position in shares of Annaly Capital Management by 1,834.5% during the fourth quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,596 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.90 on Tuesday. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $23.62. The business’s fifty day simple moving average is $19.28 and its two-hundred day simple moving average is $18.87. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.11 and a quick ratio of 1.11.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.76%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is currently -55.44%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NLY shares. Royal Bank of Canada lifted their price target on Annaly Capital Management from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $17.00 to $21.50 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Finally, UBS Group reissued a “neutral” rating and issued a $19.00 target price on shares of Annaly Capital Management in a report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.07.

View Our Latest Stock Analysis on Annaly Capital Management

Annaly Capital Management Company Profile

(Free Report)

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; residential mortgage loans; and agency or private label credit risk transfer securities.

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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