Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 91.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,059 shares of the real estate investment trust’s stock after acquiring an additional 11,502 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Annaly Capital Management were worth $489,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in shares of Annaly Capital Management by 22.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 69,231 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 12,921 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $407,000. US Bancorp DE grew its holdings in shares of Annaly Capital Management by 14.8% during the fourth quarter. US Bancorp DE now owns 31,776 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 4,099 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 549 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Annaly Capital Management by 17.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 5,101 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 750 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE NLY opened at $19.33 on Thursday. The firm’s 50-day moving average is $19.22 and its two-hundred day moving average is $19.65. Annaly Capital Management Inc has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a market capitalization of $11.55 billion, a P/E ratio of 21.72, a PEG ratio of 4.20 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The company had revenue of $186.64 million for the quarter, compared to analysts’ expectations of $418.04 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.49%. Annaly Capital Management’s payout ratio is currently 314.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NLY shares. Piper Sandler dropped their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a report on Friday, May 2nd. Royal Bank Of Canada dropped their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Finally, Jones Trading reissued a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.