Daiwa Securities Group Inc. Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Daiwa Securities Group Inc. increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,713 shares of the real estate investment trust’s stock after buying an additional 2,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Annaly Capital Management were worth $662,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Core Wealth Advisors Inc. lifted its holdings in Annaly Capital Management by 222.2% during the fourth 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 during the period. Rise Advisors LLC purchased a new position in Annaly Capital Management in the 1st quarter worth $29,000. Register Financial Advisors LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth about $37,000. EverSource Wealth Advisors LLC increased its stake in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,076 shares during the period. Finally, MCF Advisors LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth about $44,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY stock opened at $20.84 on Tuesday. The stock has a market capitalization of $10.44 billion, a PE ratio of -21.48 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a fifty day moving average of $20.04 and a 200-day moving average of $19.65.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same period in the previous year, the firm posted $0.72 EPS. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.48%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent analyst reports. Compass Point increased their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Janney Montgomery Scott started coverage on Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average price target of $21.14.

Insider Buying and Selling

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on 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 owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.