Bank of New York Mellon Corp Increases Position in Annaly Capital Management Inc $NLY

Bank of New York Mellon Corp raised its holdings in Annaly Capital Management Inc (NYSE:NLY) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,962,690 shares of the real estate investment trust’s stock after acquiring an additional 248,335 shares during the period. Bank of New York Mellon Corp’s holdings in Annaly Capital Management were worth $104,961,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NLY. Fourth Dimension Wealth LLC boosted its holdings in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $29,000. Root Financial Partners LLC increased its holdings in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management during the fourth quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $22.68 on Tuesday. The firm has a market capitalization of $16.62 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 6.93 and a beta of 1.16. Annaly Capital Management Inc has a 1 year low of $19.75 and a 1 year high of $24.52. The firm’s 50-day moving average is $22.13 and its two-hundred day moving average is $22.46.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The firm had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Analysts expect that Annaly Capital Management Inc will post 3.02 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.2%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is 101.35%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NLY. JonesTrading reissued a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group reissued a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.