KBC Group NV Reduces Stock Holdings in Annaly Capital Management Inc $NLY

KBC Group NV lowered its holdings in Annaly Capital Management Inc (NYSE:NLY) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,582,170 shares of the real estate investment trust’s stock after selling 393,836 shares during the quarter. KBC Group NV owned 0.61% of Annaly Capital Management worth $102,458,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Fourth Dimension Wealth LLC boosted its holdings in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management during the 4th quarter worth about $29,000. Root Financial Partners LLC raised its stake in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $23.33 on Friday. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The firm’s 50-day moving average is $22.61 and its two-hundred day moving average is $22.40. The firm has a market capitalization of $17.58 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. Analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NLY shares. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Wells Fargo & Company lowered their price objective on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. JonesTrading reaffirmed a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.