Charles Schwab Investment Management Inc. Buys 196,489 Shares of Annaly Capital Management Inc (NYSE:NLY)

Charles Schwab Investment Management Inc. raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,808,767 shares of the real estate investment trust’s stock after purchasing an additional 196,489 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.64% of Annaly Capital Management worth $77,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock worth $1,144,602,000 after acquiring an additional 1,634,883 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust’s stock worth $630,007,000 after acquiring an additional 8,272,674 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Annaly Capital Management by 90.6% in the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust’s stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Annaly Capital Management by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust’s stock worth $86,217,000 after acquiring an additional 730,207 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Annaly Capital Management by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust’s stock worth $83,382,000 after acquiring an additional 64,513 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 1.3%

Shares of NYSE NLY opened at $20.86 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11. The firm’s fifty day moving average is $19.79 and its 200 day moving average is $19.92. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 4.88 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management’s payout ratio is presently 277.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NLY shares. Royal Bank Of Canada lowered their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Jones Trading restated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. UBS Group restated a “neutral” rating and issued a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.72.

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.