Royal Bank of Canada Acquires 40,479 Shares of Annaly Capital Management Inc $NLY

Royal Bank of Canada grew its holdings in Annaly Capital Management Inc (NYSE:NLY) by 3.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,380,706 shares of the real estate investment trust’s stock after acquiring an additional 40,479 shares during the quarter. Royal Bank of Canada’s holdings in Annaly Capital Management were worth $29,203,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NLY. Fourth Dimension Wealth LLC boosted its holdings in Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management in the 4th quarter valued at $29,000. Root Financial Partners LLC lifted its position in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management during the 4th quarter worth about $31,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $22.75 on Wednesday. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 5.95 and a beta of 1.16. The firm’s 50-day moving average is $22.35 and its 200-day moving average is $22.44.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. Sell-side analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.2%. Annaly Capital Management’s payout ratio is 75.19%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company lowered their price target on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Company Profile

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.