Lbp Am Sa Grows Stock Holdings in Annaly Capital Management Inc $NLY

Key Points

• Lbp Am Sa increased its holdings in Annaly Capital Management by 10.7%, owning 159,247 shares valued at approximately $2.99 million as of the latest SEC filing.
• Annaly Capital Management recently reported quarterly earnings of $0.73 per share, surpassing analyst expectations, and announced a $0.70 quarterly dividend with a yield of 13.5%.
• Investment analysts have given mixed ratings for Annaly Capital Management, with an average rating of "Moderate Buy" and a consensus target price of $20.81.

Lbp Am Sa raised its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,247 shares of the real estate investment trust's stock after buying an additional 15,410 shares during the period. Lbp Am Sa's holdings in Annaly Capital Management were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $1,144,602,000 after buying an additional 1,634,883 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Annaly Capital Management during the second quarter worth $100,216,000. Bank of New York Mellon Corp raised its stake in shares of Annaly Capital Management by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock valued at $83,382,000 after acquiring an additional 64,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Annaly Capital Management by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after acquiring an additional 196,489 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 0.3%

Annaly Capital Management stock opened at $20.70 on Friday. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market cap of $13.29 billion, a PE ratio of 20.49, a P/E/G ratio of 4.89 and a beta of 1.25. The stock's fifty day moving average is $21.08 and its two-hundred day moving average is $19.96.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. Annaly Capital Management's payout ratio is 277.23%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods increased their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group increased their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Royal Bank Of Canada increased their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Jones Trading reiterated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.81.

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.

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