Asset Management One Co. Ltd. Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Asset Management One Co. Ltd. increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,328 shares of the real estate investment trust’s stock after buying an additional 2,485 shares during the period. Asset Management One Co. Ltd.’s holdings in Annaly Capital Management were worth $3,720,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Natixis lifted its position in shares of Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 67,788 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Annaly Capital Management by 27.3% during the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after acquiring an additional 36,269 shares during the last quarter. PGGM Investments increased its stake in Annaly Capital Management by 152.0% during the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock worth $8,165,000 after acquiring an additional 258,388 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in Annaly Capital Management during the second quarter worth approximately $478,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Annaly Capital Management by 60.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust’s stock worth $1,828,000 after acquiring an additional 36,266 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NLY. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Annaly Capital Management Stock Up 1.8 %

Shares of NYSE:NLY opened at $19.83 on Friday. Annaly Capital Management, Inc. has a 52-week low of $16.76 and a 52-week high of $21.11. The stock has a market cap of $11.12 billion, a P/E ratio of -283.29 and a beta of 1.52. The business’s 50 day moving average is $19.92 and its 200 day moving average is $19.81.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same period last year, the company earned $0.66 EPS. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.11%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Insiders Place Their Bets

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

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.