Price T Rowe Associates Inc. MD Has $648.83 Million Stake in Annaly Capital Management Inc $NLY

Key Points

• Price T Rowe Associates Inc. reduced its stake in Annaly Capital Management by 7.2%, now holding approximately 31.9 million shares valued at $648.8 million.
• Annaly Capital Management reported a strong quarterly performance with $0.73 earnings per share, exceeding analysts' expectations of $0.72.
• The company declared a quarterly dividend of $0.70, leading to an annualized yield of 13.2% despite a high dividend payout ratio of 277.23%.

Price T Rowe Associates Inc. MD lowered its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,946,360 shares of the real estate investment trust's stock after selling 2,480,211 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.35% of Annaly Capital Management worth $648,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NLY. MML Investors Services LLC grew its position in Annaly Capital Management by 4.5% during the fourth quarter. MML Investors Services LLC now owns 62,382 shares of the real estate investment trust's stock valued at $1,142,000 after purchasing an additional 2,690 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Annaly Capital Management by 3.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,720 shares of the real estate investment trust's stock valued at $580,000 after acquiring an additional 1,063 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Annaly Capital Management by 19.6% in the fourth quarter. Stifel Financial Corp now owns 363,552 shares of the real estate investment trust's stock worth $6,653,000 after acquiring an additional 59,661 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Annaly Capital Management by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 367,057 shares of the real estate investment trust's stock worth $6,715,000 after acquiring an additional 17,618 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its position in Annaly Capital Management by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 157,472 shares of the real estate investment trust's stock valued at $2,882,000 after purchasing an additional 47,112 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NLY. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Royal Bank Of Canada dropped their price target on shares of 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 price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Finally, Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Stock Performance

NLY stock traded down $0.08 during mid-day trading on Thursday, reaching $20.90. 1,417,664 shares of the stock traded hands, compared to its average volume of 7,671,655. The firm has a market capitalization of $13.42 billion, a PE ratio of 20.69, a P/E/G ratio of 5.00 and a beta of 1.20. The business has a 50-day moving average of $20.13 and a two-hundred day moving average of $19.96. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11. 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 (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping 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 business had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. Annaly Capital Management's payout ratio is 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.