CIBC Asset Management Inc Buys 1,001 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

CIBC Asset Management Inc raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 6.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,627 shares of the real estate investment trust’s stock after purchasing an additional 1,001 shares during the period. CIBC Asset Management Inc’s holdings in Annaly Capital Management were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Natixis boosted its holdings in Annaly Capital Management by 16,140.0% in the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 67,788 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after buying an additional 138,320 shares during the period. Clarity Financial LLC acquired a new stake in Annaly Capital Management during the third quarter worth approximately $6,687,000. Russell Investments Group Ltd. increased its stake in Annaly Capital Management by 27.3% during the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after acquiring an additional 36,269 shares during the period. Finally, PGGM Investments raised its holdings in Annaly Capital Management by 152.0% in the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after acquiring an additional 258,388 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a report on Friday, September 20th. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.33.

Annaly Capital Management Price Performance

NLY stock opened at $19.77 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of -282.43 and a beta of 1.52. The company has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $19.85.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.15%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

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.