Royal Bank of Canada Has $17.99 Million Position 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 cut its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 885,625 shares of the real estate investment trust's stock after selling 156,613 shares during the period. Royal Bank of Canada owned about 0.15% of Annaly Capital Management worth $17,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 valued at $86,217,000 after acquiring an additional 730,207 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 valued at $83,382,000 after acquiring an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $77,356,000 after acquiring an additional 196,489 shares during the last quarter. Finally, Invesco Ltd. lifted its stake 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 valued at $49,660,000 after acquiring an additional 80,738 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 0.3%

NYSE NLY traded up $0.06 on Monday, reaching $22.06. The company had a trading volume of 6,334,626 shares, compared to its average volume of 6,715,625. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 5.21 and a beta of 1.24. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The business has a 50 day moving average of $20.78 and a two-hundred day moving average of $19.98. 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 (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share 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 firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NLY. 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. Royal Bank Of Canada increased their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods increased their price target 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. Finally, UBS Group increased their price target 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. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.06.

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.