Daiwa Securities Group Inc. Raises Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Daiwa Securities Group Inc. grew its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,413 shares of the real estate investment trust’s stock after acquiring an additional 2,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Annaly Capital Management were worth $751,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its position in shares of Annaly Capital Management by 22.6% during the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock valued at $13,091,000 after buying an additional 120,163 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Annaly Capital Management by 7.4% during 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 purchasing an additional 138,320 shares in the last quarter. Clarity Financial LLC purchased a new position in shares of Annaly Capital Management during the 3rd quarter valued at $6,687,000. PGGM Investments raised its holdings in Annaly Capital Management by 152.0% during the second 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 during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Annaly Capital Management in the second quarter valued at about $478,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NLY. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $23.00 in a report 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.93 on Friday. The company’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $19.86. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The stock has a market capitalization of $11.17 billion, a P/E ratio of -284.71 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its 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 net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the business earned $0.66 earnings per share. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 13.05%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -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.