Van ECK Associates Corp Acquires 308,618 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Van ECK Associates Corp raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,912,803 shares of the real estate investment trust’s stock after acquiring an additional 308,618 shares during the period. Van ECK Associates Corp owned about 0.36% of Annaly Capital Management worth $37,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NLY. Algebris UK Ltd grew its position in shares of Annaly Capital Management by 195.9% in the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after purchasing an additional 2,671,236 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Annaly Capital Management by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after buying an additional 1,342,056 shares during the period. Cetera Investment Advisers increased its position in shares of Annaly Capital Management by 454.6% during the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after acquiring an additional 828,325 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Annaly Capital Management by 171.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,033,609 shares of the real estate investment trust’s stock worth $19,565,000 after acquiring an additional 652,540 shares during the period. Finally, Swedbank AB bought a new stake in Annaly Capital Management in the 1st quarter valued at $12,781,000. 51.56% of the stock is currently owned by institutional investors.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NLY. Wells Fargo & Company upgraded 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 report on Friday, September 20th. Argus raised 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. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Compass Point boosted their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Trading Down 0.3 %

NYSE NLY opened at $18.96 on Monday. The firm’s fifty day moving average price is $19.99 and its two-hundred day moving average price is $19.77. Annaly Capital Management, Inc. has a 1 year low of $16.56 and a 1 year high of $21.11. The firm has a market capitalization of $10.20 billion, a P/E ratio of -270.86 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.71%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Annaly Capital Management Company Profile

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.