Amundi Has $63.09 Million Stock Position in Annaly Capital Management Inc $NLY

Key Points

• Amundi reduced its Annaly Capital Management stake by 16% in the second quarter, selling 539,442 shares and retaining 2.82 million shares worth approximately $63.1 million. Institutional investors collectively own 51.56% of NLY.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $24.33, although some firms recently lowered their targets or ratings.
• Annaly maintained its quarterly dividend at $0.75 per share, implying an annualized yield of roughly 13%–14%. Its latest quarterly earnings of $0.79 per share exceeded analysts’ $0.75 estimate.

Amundi cut its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 16.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,821,769 shares of the real estate investment trust's stock after selling 539,442 shares during the period. Amundi owned 0.37% of Annaly Capital Management worth $63,095,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Groupe la Francaise bought a new position in shares of Annaly Capital Management in the second quarter valued at approximately $559,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Annaly Capital Management in the 2nd quarter worth approximately $5,545,000. California State Teachers Retirement System grew its position in Annaly Capital Management by 1,703.7% during the 2nd quarter. California State Teachers Retirement System now owns 29,412,858 shares of the real estate investment trust's stock worth $657,672,000 after acquiring an additional 27,782,188 shares during the last quarter. Greenland Capital Management LP grew its position in Annaly Capital Management by 30.0% during the 2nd quarter. Greenland Capital Management LP now owns 39,000 shares of the real estate investment trust's stock worth $872,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Saudi Central Bank increased its holdings in Annaly Capital Management by 99.5% during the 2nd quarter. Saudi Central Bank now owns 50,286 shares of the real estate investment trust's stock valued at $1,124,000 after purchasing an additional 25,075 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings restated a "hold (c)" rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Wells Fargo & Company reduced their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

Key Headlines Impacting Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Quarterly dividend maintained: Annaly declared a third-quarter common-stock dividend of $0.75 per share, payable October 30 to shareholders of record September 30. The annualized payout implies a yield of approximately 13.3%, supporting the stock’s income-investment appeal. Annaly third-quarter dividend announcement
• Neutral Sentiment: Preferred-share valuation concern: An analysis said Annaly’s NLY-J preferred shares offer a fixed 8.63% stripped yield and call protection through September 2030, but trade above the analyst’s valuation range. This primarily affects the preferred security rather than NLY common shares, though it highlights valuation sensitivity across Annaly’s capital structure. Annaly preferred-share valuation analysis
• Negative Sentiment: Bearish options activity increased: Traders purchased 10,591 put options, about 42% above the average daily volume of 7,442 contracts. The elevated put activity can signal increased hedging or expectations for additional downside, potentially adding pressure to NLY.
• Negative Sentiment: Underperformed the broader market: Annaly finished the latest session at $22, declining more than the general market. The reports characterize the move as a relative-performance issue, without citing a specific earnings, dividend, or company announcement that would explain a major fundamental deterioration. Annaly market-performance analysis

Annaly Capital Management Trading Down 2.8%

Shares of NYSE:NLY opened at $21.99 on Friday. Annaly Capital Management Inc has a 1-year low of $20.00 and a 1-year high of $24.52. The stock has a market capitalization of $16.57 billion, a P/E ratio of 5.51, a P/E/G ratio of 1.78 and a beta of 1.16. The business has a 50-day moving average price of $22.90 and a two-hundred day moving average price of $22.37.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Wednesday, September 30th. Annaly Capital Management's dividend payout ratio is currently 75.19%.

About Annaly Capital Management

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.

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