TD Asset Management Inc Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

TD Asset Management Inc lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 11.4% in the 2nd quarter, Holdings Channel reports. The firm owned 107,466 shares of the real estate investment trust’s stock after acquiring an additional 10,981 shares during the period. TD Asset Management Inc’s holdings in Annaly Capital Management were worth $2,048,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NLY. Core Wealth Advisors Inc. grew its stake in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,000 shares in the last quarter. Rise Advisors LLC purchased a new position in Annaly Capital Management in the first quarter worth $29,000. Register Financial Advisors LLC bought a new position in Annaly Capital Management in the first quarter valued at $37,000. EverSource Wealth Advisors LLC raised its position in Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,076 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in Annaly Capital Management during the first quarter valued at about $44,000. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NLY. Compass Point increased their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Annaly Capital Management Stock Up 0.6 %

Shares of NLY opened at $20.44 on Friday. The stock has a market capitalization of $10.24 billion, a P/E ratio of -21.07 and a beta of 1.52. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The firm has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $19.63.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same period in the prior year, the business posted $0.72 earnings per share. Sell-side analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.72%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Insider Activity at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

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.