Victory Capital Management Inc. Increases Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Victory Capital Management Inc. increased its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,002,975 shares of the real estate investment trust's stock after acquiring an additional 138,320 shares during the quarter. Victory Capital Management Inc. owned about 0.36% of Annaly Capital Management worth $40,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP purchased a new stake in Annaly Capital Management during the 2nd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its position in shares of Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after buying an additional 576 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of research reports. Compass Point lifted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Finally, StockNews.com cut shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.33.

Annaly Capital Management Trading Up 0.5 %

Shares of NYSE NLY traded up $0.10 during midday trading on Friday, hitting $19.69. The company's stock had a trading volume of 4,679,417 shares, compared to its average volume of 4,218,130. The business's 50 day moving average is $19.87 and its two-hundred day moving average is $19.84. Annaly Capital Management, Inc. has a 12-month low of $17.23 and a 12-month high of $21.11. The firm has a market cap of $11.04 billion, a P/E ratio of -281.29 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 for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion for 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 last year, the business posted $0.66 earnings per share. On average, analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid 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 13.20%. Annaly Capital Management's dividend 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.