Shell Asset Management Co. reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,362 shares of the real estate investment trust’s stock after selling 910 shares during the quarter. Shell Asset Management Co.’s holdings in Annaly Capital Management were worth $853,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in NLY. Bank of Montreal Can grew its stake in Annaly Capital Management by 24.0% during the 1st quarter. Bank of Montreal Can now owns 381,525 shares of the real estate investment trust’s stock worth $2,828,000 after buying an additional 73,892 shares during the last quarter. MetLife Investment Management LLC bought a new position in Annaly Capital Management during the 1st quarter worth $199,000. Rhumbline Advisers grew its stake in Annaly Capital Management by 3.3% during the 1st quarter. Rhumbline Advisers now owns 1,185,123 shares of the real estate investment trust’s stock worth $8,343,000 after buying an additional 37,762 shares during the last quarter. Yousif Capital Management LLC grew its stake in Annaly Capital Management by 6.6% during the 1st quarter. Yousif Capital Management LLC now owns 97,368 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 6,043 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in Annaly Capital Management during the 1st quarter worth $163,000. 49.16% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Jonestrading increased their price target on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group reissued a “neutral” rating and issued a $19.00 price target on shares of Annaly Capital Management in a research note on Wednesday, December 6th. Royal Bank of Canada increased their price target on Annaly Capital Management from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $17.00 to $21.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $21.07.
Annaly Capital Management Stock Performance
Shares of NLY stock opened at $18.92 on Friday. The stock has a 50-day simple moving average of $19.34 and a 200 day simple moving average of $18.85. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.97. The company has a quick ratio of 1.11, a current ratio of 0.12 and a debt-to-equity ratio of 1.40.
Annaly Capital Management Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.60 annualized dividend and a yield of 13.74%. Annaly Capital Management’s dividend payout ratio is currently -72.02%.
Annaly Capital Management Profile
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.
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