Royal London Asset Management Ltd. Sells 33,067 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Royal London Asset Management Ltd. reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 257,935 shares of the real estate investment trust's stock after selling 33,067 shares during the period. Royal London Asset Management Ltd.'s holdings in Annaly Capital Management were worth $5,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NLY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock worth $79,900,000 after acquiring an additional 3,350,435 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 acquiring an additional 1,342,056 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Annaly Capital Management by 2,254.2% in the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust's stock worth $90,260,000 after acquiring an additional 430,604 shares during the last quarter. Clarity Financial LLC bought a new position in shares of Annaly Capital Management in the third quarter worth about $6,687,000. Finally, Van ECK Associates Corp raised its stake in shares of Annaly Capital Management by 19.2% in the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust's stock worth $37,395,000 after acquiring an additional 308,618 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

NLY traded up $0.04 during trading on Monday, reaching $19.88. The company had a trading volume of 3,908,518 shares, compared to its average volume of 4,288,461. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11. The business's fifty day moving average price is $19.65 and its 200 day moving average price is $19.84. The company has a market cap of $11.14 billion, a P/E ratio of -284.43 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $212.00 million. During the same period in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.08%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's payout ratio is currently -3,714.29%.

Analysts Set New Price Targets

NLY has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of 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. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.50.

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.