Annaly Capital Management, Inc. (NYSE:NLY) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 7.4% in the third quarter, Holdings Channel.com reports. The firm owned 2,002,975 shares of the real estate investment trust’s stock after purchasing an additional 138,320 shares during the period. Victory Capital Management Inc.’s holdings in Annaly Capital Management were worth $40,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NLY. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Annaly Capital Management by 31.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 3,430 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Annaly Capital Management by 27.3% during the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after acquiring an additional 36,269 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Annaly Capital Management by 4.2% during the first 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 acquiring an additional 17,045 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Annaly Capital Management by 20.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 279,239 shares of the real estate investment trust’s stock worth $5,498,000 after acquiring an additional 46,620 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of Annaly Capital Management during the first quarter worth $7,941,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NLY shares. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $19.69 on Friday. The company has a market cap of $11.04 billion, a P/E ratio of -281.29 and a beta of 1.52. The stock’s 50-day moving average is $19.87 and its 200-day moving average is $19.84. Annaly Capital Management, Inc. has a 52-week low of $17.23 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

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

About Annaly Capital Management

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.