Y Intercept Hong Kong Ltd Grows Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Y Intercept Hong Kong Ltd increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 655.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,119 shares of the real estate investment trust's stock after acquiring an additional 86,002 shares during the period. Y Intercept Hong Kong Ltd's holdings in Annaly Capital Management were worth $1,989,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Citigroup Inc. grew its position in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after acquiring an additional 120,163 shares during the period. Victory Capital Management Inc. grew its position in shares of Annaly Capital Management by 7.4% during the 3rd 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 acquiring an additional 138,320 shares during the period. Clarity Financial LLC acquired a new stake in shares of Annaly Capital Management during the 3rd quarter valued at about $6,687,000. PGGM Investments grew its position in shares of Annaly Capital Management by 152.0% during the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust's stock valued at $8,165,000 after acquiring an additional 258,388 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Annaly Capital Management by 213.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust's stock valued at $1,130,000 after acquiring an additional 38,361 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

Annaly Capital Management Stock Down 0.2 %

NLY traded down $0.04 during trading on Wednesday, reaching $19.77. The company's stock had a trading volume of 4,796,743 shares, compared to its average volume of 4,304,819. The firm has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.84. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The company has a market cap of $11.08 billion, a price-to-earnings ratio of -283.07 and a beta of 1.51.

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 analysts' consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $212.00 million. During the same period last year, the business earned $0.66 earnings per share. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's payout ratio is presently -3,714.29%.

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.