Pensionfund DSM Netherlands boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 32.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 330,000 shares of the real estate investment trust’s stock after purchasing an additional 80,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Annaly Capital Management were worth $2,838,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Annaly Capital Management by 6.1% in the fourth quarter. BlackRock Inc. now owns 107,569,802 shares of the real estate investment trust’s stock valued at $908,965,000 after purchasing an additional 6,157,541 shares in the last quarter. Norges Bank bought a new stake in Annaly Capital Management in the 4th quarter worth about $120,432,000. Charles Schwab Investment Management Inc. boosted its stake in Annaly Capital Management by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,776,292 shares of the real estate investment trust’s stock valued at $57,260,000 after acquiring an additional 45,636 shares during the last quarter. Morgan Stanley boosted its stake in Annaly Capital Management by 0.8% in the third quarter. Morgan Stanley now owns 6,394,207 shares of the real estate investment trust’s stock valued at $45,529,000 after acquiring an additional 52,458 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Annaly Capital Management by 6.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 5,649,858 shares of the real estate investment trust’s stock valued at $47,741,000 after buying an additional 338,567 shares in the last quarter. Institutional investors and hedge funds own 44.56% of the company’s stock.
Several analysts have issued reports on NLY shares. Keefe, Bruyette & Woods upgraded shares of Annaly Capital Management from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Friday, December 18th. Argus began coverage on shares of Annaly Capital Management in a report on Wednesday, December 9th. They set a “buy” rating and a $9.00 target price on the stock. Finally, Jefferies Financial Group began coverage on shares of Annaly Capital Management in a research report on Monday, December 14th. They set a “buy” rating and a $9.50 price target for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Annaly Capital Management has an average rating of “Buy” and a consensus target price of $8.06.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $432.86 million during the quarter, compared to analyst estimates of $443.00 million. Annaly Capital Management had a negative net margin of 20.12% and a positive return on equity of 13.27%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 10.13%. The ex-dividend date of this dividend is Tuesday, March 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 88.00%.
Annaly Capital Management Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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