Royal Bank of Canada Reduces Stock Position in Annaly Capital Management Inc $NLY

Royal Bank of Canada cut its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 885,625 shares of the real estate investment trust’s stock after selling 156,613 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of Annaly Capital Management worth $17,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NLY. Deutsche Bank AG increased its holdings in Annaly Capital Management by 9.3% during the 4th quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust’s stock worth $20,060,000 after purchasing an additional 93,708 shares during the last quarter. Ethic Inc. increased its holdings in Annaly Capital Management by 2.9% during the 4th quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust’s stock worth $989,000 after purchasing an additional 1,544 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in Annaly Capital Management by 6.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust’s stock worth $3,398,000 after purchasing an additional 11,250 shares during the last quarter. Focus Partners Wealth increased its holdings in Annaly Capital Management by 68.4% during the 4th quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 7,371 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Annaly Capital Management by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 849,061 shares of the real estate investment trust’s stock worth $15,538,000 after purchasing an additional 38,760 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.5%

NYSE:NLY opened at $22.27 on Wednesday. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.36. The firm has a market capitalization of $14.30 billion, a P/E ratio of 22.05, a P/E/G ratio of 5.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The business has a 50 day simple moving average of $20.56 and a 200 day simple moving average of $19.98.

Annaly Capital Management (NYSE:NLY) last released 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 25th. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target of $20.83.

About Annaly Capital Management

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.