Bank of New York Mellon Corp Has $79.57 Million Stake in Annaly Capital Management Inc $NLY

Bank of New York Mellon Corp boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,227,952 shares of the real estate investment trust’s stock after acquiring an additional 122,481 shares during the quarter. Bank of New York Mellon Corp owned 0.66% of Annaly Capital Management worth $79,570,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the first quarter valued at about $28,000. Twin Tree Management LP acquired a new stake in Annaly Capital Management in the 1st quarter valued at approximately $29,000. MCF Advisors LLC lifted its stake in Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,598 shares in the last quarter. Assetmark Inc. lifted its stake in Annaly Capital Management by 97.5% in the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Bogart Wealth LLC boosted its position in Annaly Capital Management by 416.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NLY shares. Royal Bank Of Canada lifted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. UBS Group increased their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Trading Up 1.4%

Shares of NYSE:NLY opened at $21.91 on Friday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. The company has a market capitalization of $14.96 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27. The company has a 50-day simple moving average of $21.20 and a 200 day simple moving average of $20.26.

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 for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 12.8%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 129.63%.

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.