Natixis Has $1.34 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Natixis increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 16,140.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,208 shares of the real estate investment trust's stock after acquiring an additional 67,788 shares during the period. Natixis' holdings in Annaly Capital Management were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Annaly Capital Management by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust's stock valued at $954,941,000 after buying an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Annaly Capital Management by 1.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust's stock valued at $343,578,000 after buying an additional 278,391 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Annaly Capital Management by 159.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust's stock valued at $118,524,000 after buying an additional 3,762,652 shares in the last quarter. Norges Bank acquired a new position in Annaly Capital Management in the fourth quarter valued at about $110,244,000. Finally, Algebris UK Ltd boosted its position in Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust's stock valued at $87,532,000 after buying an additional 2,671,236 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent analyst reports. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They issued a "buy" rating and a $21.00 price target on the stock. StockNews.com upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management has a consensus rating of "Moderate Buy" and an average price target of $21.06.

Annaly Capital Management Stock Performance

NYSE:NLY traded down $0.28 during trading hours on Thursday, hitting $19.62. The stock had a trading volume of 4,772,015 shares, compared to its average volume of 3,562,008. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a market cap of $9.82 billion, a price-to-earnings ratio of -20.23 and a beta of 1.54. The business's 50 day moving average is $19.76 and its 200-day moving average is $19.41.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.63 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management's payout ratio is presently -268.04%.

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.

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