Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 971,864 shares of the real estate investment trust’s stock after acquiring an additional 40,781 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.17% of Annaly Capital Management worth $19,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis increased its stake in Annaly Capital Management by 16,140.0% during the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after acquiring an additional 67,788 shares during the last quarter. Clarity Financial LLC acquired a new stake in shares of Annaly Capital Management in the third quarter valued at about $6,687,000. Russell Investments Group Ltd. grew its stake in shares of Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after buying an additional 36,269 shares in the last quarter. PGGM Investments grew its stake in shares of Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after buying an additional 258,388 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at about $478,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.69 on Monday. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The stock has a market cap of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52. The business’s fifty day moving average is $19.87 and its 200-day moving average is $19.85.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the business posted $0.66 earnings per share. Equities research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NLY shares. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.33.

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.