Annaly Capital Management, Inc. (NYSE:NLY) Stock Position Lowered by KBC Group NV

KBC Group NV decreased its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 22.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,533,922 shares of the real estate investment trust's stock after selling 433,801 shares during the quarter. KBC Group NV owned about 0.27% of Annaly Capital Management worth $30,786,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NLY. Allspring Global Investments Holdings LLC grew its stake 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 worth $361,061,000 after purchasing an additional 1,342,056 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 acquiring an additional 41,069 shares during the period. Victory Capital Management Inc. lifted its holdings in Annaly Capital Management by 7.4% during the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock valued at $40,200,000 after purchasing an additional 138,320 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $37,395,000 after purchasing an additional 308,618 shares during the period. Finally, Cetera Investment Advisers boosted its stake in 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 valued at $19,898,000 after buying an additional 828,325 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their target price on shares of 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. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Finally, Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Annaly Capital Management Stock Up 0.5 %

NYSE NLY traded up $0.10 during trading on Friday, reaching $19.69. 4,668,358 shares of the company's stock were exchanged, compared to its average volume of 4,218,130. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The company has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $19.83.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly 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). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.66 EPS. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.20%. The ex-dividend date was Monday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently -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.