Hsbc Holdings PLC Has $5.20 Million Stake in Annaly Capital Management Inc $NLY

Hsbc Holdings PLC lowered its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,584 shares of the real estate investment trust’s stock after selling 26,386 shares during the quarter. Hsbc Holdings PLC’s holdings in Annaly Capital Management were worth $5,204,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NLY. AQR Capital Management LLC raised its position in shares of Annaly Capital Management by 111.8% in the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 4,205 shares during the period. Millennium Management LLC boosted its position in shares of Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after purchasing an additional 80,481 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 1.6%

NLY opened at $22.92 on Friday. The company’s fifty day moving average price is $22.07 and its two-hundred day moving average price is $22.45. Annaly Capital Management Inc has a 1-year low of $18.64 and a 1-year high of $24.52. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 7.01 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, equities analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.1%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is currently 94.59%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NLY. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. JonesTrading restated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, April 22nd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.11.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.