Amundi Boosts Stake in Annaly Capital Management Inc $NLY

Amundi grew its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 829,198 shares of the real estate investment trust's stock after acquiring an additional 53,838 shares during the period. Amundi owned about 0.14% of Annaly Capital Management worth $16,277,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NLY. Deutsche Bank AG raised its position in shares of Annaly Capital Management by 9.3% in the fourth quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust's stock worth $20,060,000 after acquiring an additional 93,708 shares during the period. Ethic Inc. raised its position in shares of Annaly Capital Management by 2.9% during the 4th quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust's stock worth $989,000 after purchasing an additional 1,544 shares during the last quarter. Ensign Peak Advisors Inc raised its position in shares of Annaly Capital Management by 6.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust's stock worth $3,398,000 after purchasing an additional 11,250 shares during the last quarter. Focus Partners Wealth raised its position in shares of Annaly Capital Management by 68.4% during the 4th quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 7,371 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its position in shares of Annaly Capital Management by 556.9% during the 4th quarter. Investment Management Corp of Ontario now owns 109,310 shares of the real estate investment trust's stock worth $2,000,000 after purchasing an additional 92,670 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Ratings Changes

NLY has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada reduced their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. UBS Group upped their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Finally, Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.83.

Annaly Capital Management Trading Down 0.6%

Shares of NYSE NLY traded down $0.14 during midday trading on Friday, reaching $22.01. 6,182,277 shares of the stock were exchanged, compared to its average volume of 6,703,835. The company has a 50 day simple moving average of $20.72 and a 200 day simple moving average of $19.99. The stock has a market capitalization of $14.13 billion, a P/E ratio of 21.79, a PEG ratio of 5.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, equities analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.7%. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

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.