Hsbc Holdings PLC Purchases 586,611 Shares of Annaly Capital Management Inc $NLY

Key Points

• HSBC Holdings increased its Annaly Capital Management stake by 215.8% in the second quarter, purchasing 586,611 shares to hold 858,481 shares valued at approximately $19.3 million. Institutional investors collectively own 51.56% of NLY.
• Annaly reported quarterly EPS of $0.79, exceeding estimates of $0.75, on revenue of $1.82 billion. Analysts expect full-year EPS of $3.09.
• The mortgage REIT raised its quarterly dividend to $0.75 per share, or $3.00 annually, representing a 13.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $24.33.

Hsbc Holdings PLC lifted its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 215.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 858,481 shares of the real estate investment trust's stock after purchasing an additional 586,611 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Annaly Capital Management worth $19,288,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NLY. AQR Capital Management LLC boosted its stake in Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock worth $1,154,000 after buying an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock worth $302,000 after acquiring an additional 4,205 shares in the last quarter. Millennium Management LLC raised its stake in shares of Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock worth $11,003,000 after acquiring an additional 80,481 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock worth $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 0.9%

Shares of NLY opened at $23.05 on Friday. The stock has a market capitalization of $17.38 billion, a P/E ratio of 5.78, a PEG ratio of 5.97 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm has a fifty day simple moving average of $22.85 and a two-hundred day simple moving average of $22.38.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. Sell-side analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.0%. Annaly Capital Management's payout ratio is 75.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday, June 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research note on Friday, July 10th. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

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