Fifth Third Bancorp Has $172,000 Stock Position in Annaly Capital Management Inc $NLY

Fifth Third Bancorp lowered its holdings in Annaly Capital Management Inc (NYSE:NLY) by 6.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,136 shares of the real estate investment trust’s stock after selling 672 shares during the quarter. Fifth Third Bancorp’s holdings in Annaly Capital Management were worth $172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 valued at $1,144,602,000 after buying an additional 1,634,883 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at approximately $100,216,000. Bank of New York Mellon Corp grew its holdings in 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 valued at $83,382,000 after buying an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Annaly Capital Management by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust’s stock worth $77,356,000 after acquiring an additional 196,489 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NLY. Jones Trading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. UBS Group raised their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Royal Bank Of Canada raised their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $20.81.

Annaly Capital Management Trading Down 3.3%

Shares of NLY opened at $20.22 on Wednesday. The stock has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $19.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 4.96 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 277.23%.

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.