MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 17,297 Shares of Annaly Capital Management Inc $NLY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Annaly Capital Management by 2.0%, resulting in ownership of 831,764 shares worth approximately $16.89 million.
• Annaly Capital Management announced a quarterly dividend of $0.70, which represents an annualized yield of 12.6%.
• Despite a recent downgrade from Zacks Research, the stock maintains a consensus rating of "Moderate Buy" with a target price averaging $20.83, indicating continued investor interest.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,764 shares of the real estate investment trust's stock after selling 17,297 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.14% of Annaly Capital Management worth $16,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NLY. Inlight Wealth Management LLC purchased a new position in Annaly Capital Management in the 1st quarter worth about $25,000. Financial Gravity Asset Management Inc. purchased a new position in Annaly Capital Management in the 1st quarter worth about $28,000. Twin Tree Management LP purchased a new position in Annaly Capital Management during the 1st quarter valued at about $29,000. Smallwood Wealth Investment Management LLC purchased a new position in Annaly Capital Management during the 1st quarter valued at about $36,000. Finally, MCF Advisors LLC grew its stake in Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,598 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY traded down $0.14 on Friday, hitting $22.01. The company had a trading volume of 6,181,932 shares, compared to its average volume of 7,693,471. The company's fifty day moving average price is $20.67 and its 200 day moving average price is $20.00. 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 $14.13 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 5.24 and a beta of 1.24.

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, topping the consensus estimate 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 firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.7%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lifted their target price 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 lowered their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods lifted their target price 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. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.83.

Annaly Capital Management 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.