Mn Services Vermogensbeheer B.V. Acquires 45,700 Shares of Annaly Capital Management Inc $NLY

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Annaly Capital Management by 25.7%, holding 223,375 shares valued at $4.2 million as of the latest SEC filing.
• Wall Street analysts have boosted their price targets for Annaly Capital Management, with Royal Bank of Canada raising it from $21.00 to $23.00, while maintaining an "outperform" rating.
• Annaly Capital Management announced a quarterly dividend of $0.70, which represents an annualized yield of 13.1%, to be paid to shareholders of record on September 30th.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 25.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,375 shares of the real estate investment trust's stock after acquiring an additional 45,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Annaly Capital Management were worth $4,204,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. Nuveen LLC acquired a new position in Annaly Capital Management during the first quarter worth $37,580,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Annaly Capital Management during the first quarter worth $16,500,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Annaly Capital Management by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after purchasing an additional 730,207 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NLY stock traded up $0.09 during mid-day trading on Tuesday, hitting $20.96. The stock had a trading volume of 4,131,527 shares, compared to its average volume of 7,759,580. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The firm has a market capitalization of $13.45 billion, a P/E ratio of 20.75, a P/E/G ratio of 5.06 and a beta of 1.24. The firm has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $19.97.

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

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group increased their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada increased their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.81.

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.