Credit Agricole S A Lowers Stake in Annaly Capital Management Inc $NLY

Key Points

• Credit Agricole S A has reduced its stake in Annaly Capital Management by 20.4%, selling 13,749 shares, bringing its total holdings to 53,540 shares worth approximately $1,087,000.
• Other institutional investors are actively adjusting their positions in Annaly, with Northern Trust Corp increasing its stake by 90.6% in the last quarter, while Vanguard Group raised its holdings by 3.0%.
• Annaly Capital Management recently announced a dividend of $0.70 per share, translating to an annualized yield of 13.2%, despite a high payout ratio of 277.23%.

Credit Agricole S A lowered its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 20.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,540 shares of the real estate investment trust's stock after selling 13,749 shares during the quarter. Credit Agricole S A's holdings in Annaly Capital Management were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Northern Trust Corp raised its position in shares of Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after buying an additional 3,606,366 shares during the last quarter. Nuveen LLC bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $37,580,000. Vanguard Group Inc. raised its position in shares of 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 valued at $1,144,602,000 after buying an additional 1,634,883 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $86,217,000 after buying an additional 730,207 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Annaly Capital Management by 135.6% during the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock valued at $23,157,000 after buying an additional 728,307 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Up 2.9%

Shares of NLY opened at $21.1350 on Monday. The company's fifty day moving average is $20.02 and its 200 day moving average is $19.94. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The stock has a market capitalization of $13.57 billion, a PE ratio of 20.93, a P/E/G ratio of 5.01 and a beta of 1.20. 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 (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 for the quarter, topping 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 company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada reduced their price objective 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. Finally, 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. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $20.72.

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.

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