Mitsubishi UFJ Asset Management Co. Ltd. Has $7.28 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 383,646 shares of the real estate investment trust’s stock after purchasing an additional 58,237 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Annaly Capital Management were worth $7,282,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NLY. Blue Trust Inc. raised its stake in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the period. Assetmark Inc. acquired a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its stake in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,030 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective 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. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Trading Down 1.7 %

NYSE NLY opened at $20.31 on Tuesday. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 4.89 and a beta of 1.53. The company has a 50 day moving average of $21.01 and a 200-day moving average of $20.06. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11.

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

Annaly Capital Management Increases Dividend

The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 13.79%. This is an increase 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 dividend payout ratio is presently 176.10%.

Annaly Capital Management 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.