Toronto Dominion Bank Trims Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Toronto Dominion Bank lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 15.2% during the second quarter, Holdings Channel reports. The fund owned 49,089 shares of the real estate investment trust’s stock after selling 8,785 shares during the quarter. Toronto Dominion Bank’s holdings in Annaly Capital Management were worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock worth $954,941,000 after buying an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Annaly Capital Management by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock worth $343,578,000 after acquiring an additional 278,391 shares during the period. Balyasny Asset Management L.P. grew its stake in Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after acquiring an additional 3,762,652 shares during the period. Bank of New York Mellon Corp raised its holdings in Annaly Capital Management by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after acquiring an additional 41,069 shares during the last quarter. Finally, Algebris UK Ltd lifted its stake in shares of Annaly Capital Management by 195.9% during the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after purchasing an additional 2,671,236 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $20.07 on Tuesday. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.11. The firm has a 50 day moving average price of $20.13 and a 200 day moving average price of $19.72. The company has a market cap of $10.04 billion, a price-to-earnings ratio of -20.69 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Sell-side analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.95%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point lifted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Janney Montgomery Scott started coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $23.00 in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.38.

Annaly Capital Management Company 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.