Annaly Capital Management Inc $NLY Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 75.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,990 shares of the real estate investment trust’s stock after selling 284,592 shares during the period. Korea Investment CORP’s holdings in Annaly Capital Management were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC raised its holdings in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares during the period. Root Financial Partners LLC boosted its holdings in 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 acquiring an additional 1,136 shares during the period. Camelot Portfolios LLC purchased a new position in Annaly Capital Management during the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. acquired a new position in Annaly Capital Management in the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC increased its stake in Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,178 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.5%

Shares of NLY opened at $23.27 on Tuesday. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $22.38. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 6.05 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. On average, analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 12.9%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is currently 75.19%.

Analysts Set New Price Targets

NLY has been the subject of several recent research reports. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company dropped their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Company 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.