Annaly Capital Management Inc (NYSE:NLY) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,105,471 shares of the real estate investment trust's stock after acquiring an additional 64,513 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Annaly Capital Management worth $83,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Bayesian Capital Management LP purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $730,000. Mercer Global Advisors Inc. ADV acquired a new position in Annaly Capital Management during the fourth quarter worth approximately $4,448,000. APG Asset Management N.V. purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $4,909,000. Vanguard Group Inc. boosted its holdings in shares of Annaly Capital Management by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Annaly Capital Management by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after acquiring an additional 814,917 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NLY. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group raised their price target on Annaly Capital Management from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday. Royal Bank Of Canada reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.90.

Annaly Capital Management Stock Down 0.4%

Shares of Annaly Capital Management stock traded down $0.08 during trading on Friday, reaching $19.73. The company's stock had a trading volume of 4,339,712 shares, compared to its average volume of 6,884,861. The business has a 50 day moving average price of $19.25 and a 200-day moving average price of $19.67. Annaly Capital Management Inc has a 12-month low of $16.60 and a 12-month high of $22.11. The company has a market capitalization of $11.79 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 4.36 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. Research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.19%. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Annaly Capital Management Company 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.