PNC Financial Services Group Inc. lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,561 shares of the real estate investment trust’s stock after selling 7,287 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Annaly Capital Management were worth $631,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Annaly Capital Management by 14.4% in the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after acquiring an additional 269,758 shares during the last quarter. Dupree Financial Group LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $9,222,000. Royal London Asset Management Ltd. increased its holdings in Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock valued at $4,828,000 after purchasing an additional 10,404 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Annaly Capital Management in the fourth quarter valued at about $2,721,000. Finally, LPL Financial LLC lifted its stake in Annaly Capital Management by 9.1% in the third quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock valued at $13,562,000 after buying an additional 59,883 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.
Annaly Capital Management Stock Performance
Shares of Annaly Capital Management stock opened at $19.70 on Friday. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $19.15.
Annaly Capital Management (NYSE:NLY – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same quarter in the prior year, the firm posted $0.81 EPS. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.62 EPS for the current year.
Annaly Capital Management Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.65 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 13.20%. Annaly Capital Management’s payout ratio is currently -268.04%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NLY shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Monday, February 12th. Jonestrading reiterated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. Compass Point began coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Finally, StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.08.
Read Our Latest Stock Report on NLY
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.
See Also
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