Royal Bank of Canada Lowers Holdings in Annaly Capital Management Inc $NLY

Key Points

• Royal Bank of Canada reduced its position in Annaly Capital Management by 15%, owning approximately 0.15% of the company, valued at nearly $18 million after selling over 156,000 shares.
• Other institutional investors have increased their holdings, with Deutsche Bank AG raising its stake by 9.3% and Focus Partners Wealth expanding its ownership by 68.4% in the last quarter.
• Annaly Capital Management reported $0.73 earnings per share, surpassing analyst expectations, and has a consensus price target of $20.83 from research analysts.

Royal Bank of Canada reduced its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 885,625 shares of the real estate investment trust's stock after selling 156,613 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of Annaly Capital Management worth $17,989,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after buying an additional 1,634,883 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Annaly Capital Management by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after buying an additional 730,207 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Annaly Capital Management by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock worth $83,382,000 after buying an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Annaly Capital Management by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock worth $77,356,000 after buying an additional 196,489 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Annaly Capital Management by 3.4% in the 1st quarter. Invesco Ltd. now owns 2,445,123 shares of the real estate investment trust's stock worth $49,660,000 after buying an additional 80,738 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NLY. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods upped their price target 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. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, UBS Group increased 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.83.

Annaly Capital Management Trading Down 0.6%

NYSE NLY traded down $0.14 on Friday, hitting $22.01. The company's stock had a trading volume of 6,182,277 shares, compared to its average volume of 6,703,835. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company's 50-day simple moving average is $20.72 and its 200 day simple moving average is $20.00. The firm has a market cap of $14.13 billion, a P/E ratio of 21.79, a PEG ratio of 5.25 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data 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 business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

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 yield of 12.7%. Annaly Capital Management's payout ratio is presently 277.23%.

About Annaly Capital Management

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.