KBC Group NV Cuts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

KBC Group NV cut its position in Annaly Capital Management, Inc. (NYSE:NLY) by 22.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,533,922 shares of the real estate investment trust’s stock after selling 433,801 shares during the period. KBC Group NV owned approximately 0.27% of Annaly Capital Management worth $30,786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Natixis lifted its position in Annaly Capital Management by 16,140.0% in the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 67,788 shares in the last quarter. Clarity Financial LLC bought a new stake in Annaly Capital Management in the 3rd quarter worth about $6,687,000. Russell Investments Group Ltd. raised its position in Annaly Capital Management by 27.3% in the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after buying an additional 36,269 shares during the last quarter. PGGM Investments raised its position in Annaly Capital Management by 152.0% in the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock worth $8,165,000 after buying an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Annaly Capital Management during the 2nd quarter valued at about $478,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the subject of several research reports. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Finally, Compass Point raised their target price on 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Stock Down 0.2 %

NLY stock opened at $19.59 on Friday. The business’s 50-day moving average price is $19.88 and its 200-day moving average price is $19.83. Annaly Capital Management, Inc. has a twelve month low of $17.23 and a twelve month high of $21.11.

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

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.28%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

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.