Sumitomo Mitsui Trust Group Inc. Has $19.51 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 971,864 shares of the real estate investment trust’s stock after acquiring an additional 40,781 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Annaly Capital Management were worth $19,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its position in Annaly Capital Management by 31.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 3,430 shares during the last quarter. Russell Investments Group Ltd. increased its position in Annaly Capital Management by 27.3% in 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 purchasing an additional 36,269 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Annaly Capital Management by 4.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 420,746 shares of the real estate investment trust’s stock worth $8,040,000 after purchasing an additional 17,045 shares during the last quarter. Intech Investment Management LLC acquired a new position in Annaly Capital Management in the 1st quarter worth about $441,000. Finally, UniSuper Management Pty Ltd increased its position in Annaly Capital Management by 118.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.5 %

Shares of NYSE:NLY opened at $19.69 on Monday. The business has a 50 day moving average price of $19.87 and a 200 day moving average price of $19.85. Annaly Capital Management, Inc. has a twelve month low of $17.23 and a twelve month high of $21.11. The company has a market cap of $11.04 billion, a price-to-earnings ratio of -281.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the prior year, the business posted $0.66 EPS. Analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.20%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, October 31st. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

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.