Mackenzie Financial Corp Raises Position in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Mackenzie Financial Corp increased its stake in Annaly Capital Management by 13.2%, acquiring an additional 16,804 shares, bringing its total holdings to 144,162 shares valued at approximately $2.93 million.
• Several institutional investors have also significantly increased their positions in Annaly, with Price T Rowe Associates boosting their shares by 31.6%, now holding over 34 million shares.
• Annaly Capital Management's latest earnings report revealed an EPS of $0.73, surpassing analyst estimates, and the company announced a quarterly dividend of $0.70, resulting in an annual yield of 13.7%.

Mackenzie Financial Corp boosted its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,162 shares of the real estate investment trust's stock after purchasing an additional 16,804 shares during the quarter. Mackenzie Financial Corp's holdings in Annaly Capital Management were worth $2,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NLY. Sheaff Brock Investment Advisors LLC lifted its position in Annaly Capital Management by 8.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 24,207 shares of the real estate investment trust's stock worth $492,000 after buying an additional 1,900 shares during the last quarter. LPL Financial LLC lifted its position in Annaly Capital Management by 23.7% in the 1st quarter. LPL Financial LLC now owns 851,397 shares of the real estate investment trust's stock worth $17,292,000 after buying an additional 163,012 shares during the last quarter. TD Asset Management Inc lifted its position in Annaly Capital Management by 12.2% in the 1st quarter. TD Asset Management Inc now owns 166,388 shares of the real estate investment trust's stock worth $3,379,000 after buying an additional 18,121 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Annaly Capital Management by 46.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 164,779 shares of the real estate investment trust's stock worth $3,347,000 after buying an additional 52,440 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC increased its stake in Annaly Capital Management by 70.0% in the 1st quarter. ShoreHaven Wealth Partners LLC now owns 17,000 shares of the real estate investment trust's stock worth $345,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 1.3%

Shares of NLY traded down $0.27 during midday trading on Wednesday, hitting $20.53. 2,997,091 shares of the stock were exchanged, compared to its average volume of 7,854,990. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.11. The stock has a fifty day simple moving average of $19.60 and a 200 day simple moving average of $19.87. The firm has a market cap of $13.18 billion, a P/E ratio of 20.33, a P/E/G ratio of 4.99 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 posted 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 the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, research analysts anticipate 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 was paid on Thursday, July 31st. Investors 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 dividend on an annualized basis and a yield of 13.6%. Annaly Capital Management's dividend payout ratio is presently 277.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NLY shares. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada decreased their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.