Robeco Institutional Asset Management B.V. lifted its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 408.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,437 shares of the real estate investment trust's stock after buying an additional 98,378 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Annaly Capital Management were worth $2,304,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the 1st quarter worth about $28,000. Twin Tree Management LP bought a new stake in shares of Annaly Capital Management in the 1st quarter worth about $29,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth about $36,000. Finally, MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on NLY shares. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a "cautious" rating in a research note on Monday. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. UBS Group lifted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.94.
View Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Price Performance
Annaly Capital Management stock opened at $20.62 on Wednesday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 4.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The firm has a 50-day moving average of $21.07 and a two-hundred day moving average of $19.92.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly 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 net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.
Annaly Capital Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is presently 277.23%.
Annaly Capital Management Profile
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Free Report)
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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