Banque Cantonale Vaudoise reduced its stake in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 37.2% during the second quarter, HoldingsChannel reports. The fund owned 49,922 shares of the real estate investment trust’s stock after selling 29,600 shares during the period. Banque Cantonale Vaudoise’s holdings in Annaly Capital Management were worth $999,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swiss National Bank bought a new position in shares of Annaly Capital Management during the second quarter valued at $35,684,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Annaly Capital Management by 13.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 238,736 shares of the real estate investment trust’s stock worth $4,777,000 after buying an additional 27,808 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in Annaly Capital Management by 23.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 235,275 shares of the real estate investment trust’s stock worth $4,708,000 after buying an additional 44,700 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Annaly Capital Management by 23.9% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 196,520 shares of the real estate investment trust’s stock worth $3,932,000 after buying an additional 37,863 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Annaly Capital Management by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 1,449,273 shares of the real estate investment trust’s stock worth $29,000,000 after buying an additional 122,101 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NLY has been the subject of a number of recent research reports. Jonestrading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Piper Sandler boosted their price target on Annaly Capital Management from $21.50 to $22.00 in a research note on Friday, July 28th. StockNews.com initiated coverage on Annaly Capital Management in a research report on Thursday, October 5th. They set a “sell” rating on the stock. UBS Group raised Annaly Capital Management from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $24.00 in a research report on Monday, September 18th. Finally, Royal Bank of Canada lowered their price objective on Annaly Capital Management from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.71.
Insider Buying and Selling
In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $17.04, for a total transaction of $852,000.00. Following the sale, the chief executive officer now directly owns 545,259 shares of the company’s stock, valued at approximately $9,291,213.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.
Annaly Capital Management Stock Up 3.4 %
NLY stock opened at $17.70 on Wednesday. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $24.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09. The business’s 50-day moving average price is $18.01 and its 200-day moving average price is $19.10.
Annaly Capital Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.60 dividend on an annualized basis and a yield of 14.69%. Annaly Capital Management’s dividend payout ratio is presently -55.44%.
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; residential mortgage loans; and agency or private label credit risk transfer securities.
- Five stocks we like better than Annaly Capital Management
- How to Invest in Pharmaceutical Companies
- Analyst says Archer Aviation may double. Is it time to buy?
- What Is Dividend Yield and How Do You Calculate It?
- Alibaba’s bottom is in: Analysts see a monster rally ahead
- Growth Stocks: What They Are, Examples and How to Invest
- TripAdvisor is on AI-powered recovery from record lows
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.