State Street Corp Has $360.30 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

State Street Corp raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,400,024 shares of the real estate investment trust's stock after buying an additional 223,294 shares during the quarter. State Street Corp owned 3.10% of Annaly Capital Management worth $360,296,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 850 shares during the period. UMB Bank n.a. boosted its holdings 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 during the period. Quarry LP acquired a new stake in shares of Annaly Capital Management during the second quarter worth approximately $36,000. Toth Financial Advisory Corp lifted its stake in 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 valued at $48,000 after acquiring an additional 576 shares during the last quarter. Finally, Summit Securities Group LLC lifted its stake in Annaly Capital Management by 204.9% in the second quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 8,400 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.08 on Tuesday, hitting $19.81. The stock had a trading volume of 5,377,192 shares, compared to its average volume of 4,301,395. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The firm's 50 day moving average price is $19.64 and its 200-day moving average price is $19.84. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of -284.07 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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 company 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 quarter last year, the company earned $0.66 EPS. As a group, sell-side analysts predict 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 will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.12%. Annaly Capital Management's payout ratio is presently -3,714.29%.

Analysts Set New Price Targets

NLY has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

About Annaly Capital Management

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.