KBC Group NV Has $44.16 Million Holdings in Annaly Capital Management Inc $NLY

KBC Group NV decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 46.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,346,200 shares of the real estate investment trust’s stock after selling 2,003,304 shares during the period. KBC Group NV owned 0.37% of Annaly Capital Management worth $44,155,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NLY. Kingstone Capital Partners Texas LLC acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth about $100,216,000. Goldman Sachs Group Inc. increased its position in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after buying an additional 2,607,784 shares during the period. Nuveen LLC acquired a new position in shares of Annaly Capital Management during the first quarter worth approximately $37,580,000. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock worth $1,144,602,000 after buying an additional 1,634,883 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $16,500,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Down 1.0%

Shares of NYSE:NLY opened at $21.79 on Thursday. The company’s fifty day moving average is $21.24 and its 200-day moving average is $20.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The company has a market capitalization of $14.88 billion, a PE ratio of 10.09, a P/E/G ratio of 6.47 and a beta of 1.27.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio is 129.63%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research analyst reports. Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Piper Sandler set a $22.50 target price on shares of Annaly Capital Management and gave the company an “overweight” rating in a research note on Wednesday, October 8th. UBS Group lifted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of “Hold” and an average target price of $21.71.

Annaly Capital Management Company 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.