Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,090,296 shares of the real estate investment trust's stock after purchasing an additional 18,783 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Annaly Capital Management worth $22,144,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. raised its holdings in Annaly Capital Management by 50.2% in the first quarter. Achmea Investment Management B.V. now owns 75,522 shares of the real estate investment trust's stock worth $1,534,000 after purchasing an additional 25,252 shares in the last quarter. Diversified Trust Co purchased a new position in Annaly Capital Management in the first quarter worth about $466,000. Beacon Financial Advisory LLC raised its stake in shares of Annaly Capital Management by 4.3% in the first quarter. Beacon Financial Advisory LLC now owns 21,020 shares of the real estate investment trust's stock worth $427,000 after buying an additional 876 shares during the period. Balefire LLC raised its stake in Annaly Capital Management by 10.9% during the 1st quarter. Balefire LLC now owns 18,393 shares of the real estate investment trust's stock valued at $374,000 after purchasing an additional 1,811 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Annaly Capital Management by 91.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 24,059 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 11,502 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 0.8%

Shares of NLY traded down $0.16 during trading hours on Monday, hitting $19.33. The company had a trading volume of 6,964,752 shares, compared to its average volume of 6,849,373. The company's fifty day moving average price is $19.23 and its two-hundred day moving average price is $19.66. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11. The company has a market capitalization of $11.55 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 4.29 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. Analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.49%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank Of Canada reduced their price objective on 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 target price on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler dropped their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

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.