Deutsche Bank AG Has $23.88 Million Holdings in Annaly Capital Management Inc (NYSE:NLY)

Deutsche Bank AG raised its holdings in Annaly Capital Management Inc (NYSE:NLY) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,175,850 shares of the real estate investment trust’s stock after buying an additional 79,687 shares during the quarter. Deutsche Bank AG’s holdings in Annaly Capital Management were worth $23,882,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NLY. Envestnet Asset Management Inc. lifted its stake in Annaly Capital Management by 20.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 484,043 shares of the real estate investment trust’s stock valued at $8,858,000 after buying an additional 82,983 shares during the period. Bank of Montreal Can raised its position in shares of Annaly Capital Management by 15.1% during the fourth quarter. Bank of Montreal Can now owns 80,125 shares of the real estate investment trust’s stock worth $1,466,000 after purchasing an additional 10,534 shares during the period. Invesco Ltd. raised its position in shares of Annaly Capital Management by 32.6% during the fourth quarter. Invesco Ltd. now owns 2,364,385 shares of the real estate investment trust’s stock worth $43,268,000 after purchasing an additional 580,789 shares during the period. Sterling Capital Management LLC raised its position in shares of Annaly Capital Management by 74.6% during the fourth quarter. Sterling Capital Management LLC now owns 33,303 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 14,225 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Annaly Capital Management by 29.7% during the fourth quarter. Guggenheim Capital LLC now owns 82,121 shares of the real estate investment trust’s stock worth $1,503,000 after purchasing an additional 18,801 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NLY. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Jones Trading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. UBS Group reaffirmed a “neutral” rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada lowered their target price on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.72.

Annaly Capital Management Trading Up 1.3%

Shares of Annaly Capital Management stock opened at $20.86 on Thursday. The stock has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $19.92. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The company has a market capitalization of $13.39 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 4.88 and a beta of 1.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date was Monday, June 30th. Annaly Capital Management’s dividend payout ratio is 277.23%.

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.