Deutsche Bank AG Trims Stake in Annaly Capital Management Inc $NLY

Deutsche Bank AG lowered its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 19.0% during the second quarter, Holdings Channel reports. The fund owned 1,394,967 shares of the real estate investment trust’s stock after selling 327,803 shares during the quarter. Deutsche Bank AG’s holdings in Annaly Capital Management were worth $31,191,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NLY. HUB Investment Partners LLC grew its holdings in Annaly Capital Management by 3.3% in the 2nd quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 462 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 463 shares in the last quarter. Quadcap Wealth Management LLC grew its position in Annaly Capital Management by 2.3% in the first quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 495 shares in the last quarter. Fourth Dimension Wealth LLC lifted its holdings in Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares in the last quarter. Finally, GWN Securities Inc. lifted its stake in shares of Annaly Capital Management by 5.0% in the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY opened at $23.17 on Friday. The firm has a market cap of $17.46 billion, a PE ratio of 5.81, a PEG ratio of 6.08 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm’s 50 day moving average price is $22.79 and its 200 day moving average price is $22.38.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NLY. Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 17th. UBS Group reissued a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

About Annaly Capital Management

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.