QRG Capital Management Inc. Grows Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

QRG Capital Management Inc. lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 0.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,157 shares of the real estate investment trust’s stock after buying an additional 2,422 shares during the quarter. QRG Capital Management Inc.’s holdings in Annaly Capital Management were worth $5,890,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dupree Financial Group LLC purchased a new stake in Annaly Capital Management in the 4th quarter worth $9,222,000. Nomura Asset Management Co. Ltd. lifted its stake in Annaly Capital Management by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock worth $3,092,000 after purchasing an additional 4,079 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Annaly Capital Management in the 4th quarter worth $2,721,000. Norges Bank purchased a new stake in Annaly Capital Management in the 4th quarter worth $110,244,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Annaly Capital Management by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,137,529 shares of the real estate investment trust’s stock valued at $60,774,000 after buying an additional 116,102 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY stock traded down $0.03 during mid-day trading on Wednesday, reaching $20.70. The company had a trading volume of 639,685 shares, compared to its average volume of 3,518,529. The firm has a 50 day moving average of $19.75 and a 200 day moving average of $19.36. 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 earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.65 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a yield of 12.56%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NLY. StockNews.com upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, April 25th. Compass Point assumed coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price on the stock. Janney Montgomery Scott assumed coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.06.

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