Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 971,864 shares of the real estate investment trust's stock after purchasing an additional 40,781 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.17% of Annaly Capital Management worth $19,505,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its position in shares of Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC increased its stake in shares of Annaly Capital Management by 20.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 559 shares during the last quarter. Toth Financial Advisory Corp increased its stake in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 576 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust's stock worth $428,000 after purchasing an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Annaly Capital Management by 3.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust's stock worth $391,000 after purchasing an additional 597 shares during the last quarter. 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 a number of research analyst reports. Compass Point raised their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com lowered Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. 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 Price Performance

NLY traded up $0.03 during trading on Monday, reaching $19.72. 5,327,289 shares of the stock were exchanged, compared to its average volume of 4,223,106. The business's 50 day moving average price is $19.86 and its two-hundred day moving average price is $19.85. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -281.71 and a beta of 1.52. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $212.00 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.18%. Annaly Capital Management's payout ratio is currently -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.