Annaly Capital Management Inc $NLY Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $466,000. Bessemer Group Inc. increased its position in Annaly Capital Management by 11.7% in the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after buying an additional 811 shares during the last quarter. Magnus Financial Group LLC bought a new position in shares of Annaly Capital Management in the first quarter worth $441,000. Ibex Wealth Advisors boosted its stake in Annaly Capital Management by 5.4% during the first quarter. Ibex Wealth Advisors now owns 296,437 shares of the real estate investment trust's stock valued at $6,021,000 after buying an additional 15,283 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Annaly Capital Management by 5.4% during 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 buying an additional 196,489 shares during the period. Institutional investors own 51.56% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group lifted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and issued a $21.00 price target 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 report on Tuesday, August 19th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.83.

Annaly Capital Management Stock Down 0.6%

NLY stock traded down $0.14 during trading on Friday, hitting $22.01. 6,182,277 shares of the company's stock traded hands, compared to its average volume of 6,715,625. The firm has a market capitalization of $14.13 billion, a P/E ratio of 21.79, a PEG ratio of 5.21 and a beta of 1.24. The business has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $19.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid 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 12.7%. Annaly Capital Management's dividend payout ratio (DPR) is presently 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.