Hsbc Holdings PLC Buys 17,618 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Hsbc Holdings PLC grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 367,057 shares of the real estate investment trust's stock after buying an additional 17,618 shares during the period. Hsbc Holdings PLC owned 0.07% of Annaly Capital Management worth $6,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NLY. Invst LLC acquired a new stake in Annaly Capital Management during the 3rd quarter worth approximately $741,000. McIlrath & Eck LLC purchased a new position in Annaly Capital Management in the 3rd quarter valued at approximately $63,000. Virtu Financial LLC acquired a new position in Annaly Capital Management during the third quarter worth $879,000. Wilmington Savings Fund Society FSB acquired a new stake in Annaly Capital Management in the third quarter valued at $114,000. Finally, Tidal Investments LLC increased its position in shares of Annaly Capital Management by 11.7% in the third quarter. Tidal Investments LLC now owns 13,204 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NLY. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.10.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.10 during mid-day trading on Friday, reaching $19.32. The stock had a trading volume of 8,553,074 shares, compared to its average volume of 6,090,312. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $19.79. The stock has a market capitalization of $11.54 billion, a PE ratio of 12.15, a P/E/G ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Equities analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.49%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's payout ratio is presently 176.10%.

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.