17,060 Shares in Annaly Capital Management Inc (NYSE:NLY) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $346,000 in Annaly Capital Management, acquiring 17,060 shares in the first quarter.
• Several other hedge funds also purchased stakes in Annaly Capital Management during the first quarter, indicating growing institutional interest in the company.
• Annaly Capital Management declared a $0.70 quarterly dividend, translating to an annualized dividend of $2.80 and a yield of 13.6%.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,060 shares of the real estate investment trust's stock, valued at approximately $346,000.

Other institutional investors have also recently made changes to their positions in the company. Jupiter Wealth Management LLC raised its position in shares of Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after buying an additional 492 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Annaly Capital Management by 3.2% during the first quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock valued at $472,000 after buying an additional 725 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Annaly Capital Management by 11.7% during the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock valued at $157,000 after buying an additional 811 shares during the last quarter. United Advisor Group LLC raised its position in shares of Annaly Capital Management by 1.5% during the first quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock valued at $1,196,000 after buying an additional 847 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Annaly Capital Management by 12.7% during the first quarter. IFP Advisors Inc now owns 7,576 shares of the real estate investment trust's stock valued at $154,000 after buying an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. 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 on the stock in a research report on Tuesday, May 27th. UBS Group restated a "neutral" rating and issued a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Keefe, Bruyette & Woods boosted 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. Finally, Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.72.

Annaly Capital Management Trading Down 0.2%

Shares of NYSE NLY traded down $0.04 during mid-day trading on Thursday, reaching $20.83. The company had a trading volume of 4,280,268 shares, compared to its average volume of 7,773,620. The business's 50-day moving average is $19.79 and its 200-day moving average is $19.92. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 4.88 and a beta of 1.20. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted 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 firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Equities analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management's dividend payout ratio is 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.