Annaly Capital Management Inc $NLY Stock Position Decreased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Annaly Capital Management by 6.8% in the first quarter, leaving it with 342,029 shares valued at approximately $6.93 million.
• Several institutional investors have adjusted their holdings in Annaly, with Korea Investment CORP increasing its stake by 8.0% and Aberdeen Group plc raising its stake by an impressive 126.8%.
• Annaly Capital Management's recent earnings report showcased a slight earnings per share beat, with $0.73 EPS against an expected $0.72, and a revenue of $273.2 million, exceeding analysts' expectations.

Hsbc Holdings PLC trimmed its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 342,029 shares of the real estate investment trust's stock after selling 25,028 shares during the period. Hsbc Holdings PLC owned 0.06% of Annaly Capital Management worth $6,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NLY. MML Investors Services LLC raised its stake in Annaly Capital Management by 4.5% during the fourth quarter. MML Investors Services LLC now owns 62,382 shares of the real estate investment trust's stock worth $1,142,000 after acquiring an additional 2,690 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Annaly Capital Management by 3.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,720 shares of the real estate investment trust's stock worth $580,000 after purchasing an additional 1,063 shares during the period. Stifel Financial Corp raised its position in shares of Annaly Capital Management by 19.6% during the 4th quarter. Stifel Financial Corp now owns 363,552 shares of the real estate investment trust's stock worth $6,653,000 after purchasing an additional 59,661 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Annaly Capital Management by 4.8% in the 4th quarter. Voya Investment Management LLC now owns 68,158 shares of the real estate investment trust's stock worth $1,247,000 after purchasing an additional 3,103 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Annaly Capital Management by 9.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 459,935 shares of the real estate investment trust's stock valued at $8,417,000 after purchasing an additional 40,963 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada dropped their target price on 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. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group reissued a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Price Performance

Shares of NLY stock traded up $0.19 during mid-day trading on Friday, hitting $21.18. 4,997,484 shares of the stock traded hands, compared to its average volume of 5,992,373. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The company's 50-day simple moving average is $20.21 and its 200-day simple moving average is $19.96. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 5.02 and a beta of 1.24.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 13.2%. Annaly Capital Management's payout ratio is currently 277.23%.

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.