APG Asset Management N.V. Has $5.54 Million Stake in Annaly Capital Management Inc $NLY

Key Points

• APG Asset Management N.V. increased its holdings in Annaly Capital Management by 6.0%, acquiring an additional 16,700 shares during the first quarter, bringing its total to 294,500 shares valued at approximately $5,537,000.
• Several hedge funds have also recently entered or modified their positions in Annaly Capital Management, indicating a growing interest from institutional investors in the company, which currently holds about 51.56% of its stock.
• Annaly Capital Management reported a quarterly earnings per share of $0.73, exceeding analyst expectations of $0.72, with a net margin of 13.76% and a revenue of $273.20 million.

APG Asset Management N.V. boosted its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 294,500 shares of the real estate investment trust's stock after acquiring an additional 16,700 shares during the quarter. APG Asset Management N.V.'s holdings in Annaly Capital Management were worth $5,537,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Annaly Capital Management in the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in Annaly Capital Management in the first quarter valued at approximately $28,000. MCF Advisors LLC grew its stake in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Annaly Capital Management during the first quarter worth $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $39,000. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NLY has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group reaffirmed a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Trading Up 0.9%

Shares of NYSE:NLY traded up $0.19 during mid-day trading on Monday, reaching $21.18. 4,997,484 shares of the company's stock were exchanged, compared to its average volume of 5,992,373. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 5.02 and a beta of 1.24. The business's fifty day moving average price is $20.21 and its 200-day moving average price is $19.96. 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 $22.11.

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

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 13.2%. Annaly Capital Management's payout ratio is presently 277.23%.

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.