Rakuten Investment Management Inc. Makes New Investment in Annaly Capital Management Inc $NLY

Rakuten Investment Management Inc. acquired a new position in Annaly Capital Management Inc (NYSE:NLY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 47,645 shares of the real estate investment trust’s stock, valued at approximately $968,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after buying an additional 5,485,296 shares in the last quarter. State Street Corp raised its position in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after acquiring an additional 1,272,235 shares in the last quarter. KBC Group NV raised its position in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock worth $105,243,000 after acquiring an additional 1,525,251 shares in the last quarter. Bank of New York Mellon Corp raised its position in Annaly Capital Management by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock worth $104,961,000 after acquiring an additional 248,335 shares in the last quarter. Finally, Amundi lifted its holdings in Annaly Capital Management by 35.2% in the 1st quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock valued at $71,090,000 after acquiring an additional 875,331 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.7%

Shares of NYSE NLY opened at $18.73 on Friday. Annaly Capital Management Inc has a 12 month low of $17.70 and a 12 month high of $24.52. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 1.43 and a beta of 1.24. The business has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $21.83.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $637.41 million. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3.13 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 16.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 209.79%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research reports. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. BTIG Research set a $21.00 target price on shares of Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th. JonesTrading reduced their target price on shares of Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Finally, Royal Bank Of Canada set a $21.00 target price on shares of Annaly Capital Management and gave the stock an “outperform” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights.

The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.

Founded in 1997, Annaly focuses primarily on the U.S.