Citigroup Inc. Has $13.09 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Citigroup Inc. lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 22.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 652,255 shares of the real estate investment trust's stock after buying an additional 120,163 shares during the period. Citigroup Inc. owned about 0.12% of Annaly Capital Management worth $13,091,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NLY. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 1,342,056 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust's stock valued at $77,996,000 after purchasing an additional 41,069 shares during the last quarter. Victory Capital Management Inc. increased its position in Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock worth $40,200,000 after purchasing an additional 138,320 shares in the last quarter. Van ECK Associates Corp lifted its stake in Annaly Capital Management by 19.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust's stock valued at $37,395,000 after purchasing an additional 308,618 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust's stock valued at $19,898,000 after buying an additional 828,325 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NLY. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.33.

Annaly Capital Management Stock Up 0.6 %

Annaly Capital Management stock traded up $0.11 during mid-day trading on Friday, hitting $19.93. 3,873,184 shares of the stock were exchanged, compared to its average volume of 4,289,636. The firm's fifty day simple moving average is $19.73 and its two-hundred day simple moving average is $19.86. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of -284.43 and a beta of 1.52.

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

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.05%. Annaly Capital Management's payout ratio is currently -3,714.29%.

Annaly Capital Management 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.