Cetera Investment Advisers Raises Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Cetera Investment Advisers lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 454.6% during the first quarter, Holdings Channel reports. The institutional investor owned 1,010,542 shares of the real estate investment trust’s stock after purchasing an additional 828,325 shares during the quarter. Cetera Investment Advisers’ holdings in Annaly Capital Management were worth $19,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. PGGM Investments acquired a new position in shares of Annaly Capital Management during the 1st quarter worth $3,348,000. Swedbank AB acquired a new position in Annaly Capital Management during the first quarter worth about $12,781,000. Vima LLC purchased a new position in Annaly Capital Management in the first quarter valued at about $502,000. Plato Investment Management Ltd acquired a new stake in shares of Annaly Capital Management during the 1st quarter valued at approximately $150,000. Finally, LBP AM SA boosted its stake in shares of Annaly Capital Management by 119.5% during the 1st quarter. LBP AM SA now owns 47,279 shares of the real estate investment trust’s stock worth $931,000 after acquiring an additional 25,742 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NLY shares. Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Jonestrading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.14.

Annaly Capital Management Price Performance

NLY stock traded down $0.12 during midday trading on Friday, hitting $19.76. The stock had a trading volume of 4,416,062 shares, compared to its average volume of 4,097,781. The company’s 50-day moving average price is $19.76 and its 200 day moving average price is $19.42. The firm has a market cap of $9.90 billion, a PE ratio of -20.37 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. During the same period last year, the company earned $0.72 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.16%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.