American Assets Capital Advisers LLC Lowers Holdings in Annaly Capital Management Inc $NLY

American Assets Capital Advisers LLC trimmed its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 88.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,828 shares of the real estate investment trust’s stock after selling 180,619 shares during the period. American Assets Capital Advisers LLC’s holdings in Annaly Capital Management were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Annaly Capital Management in the first quarter valued at about $1,660,000. Bank of New York Mellon Corp grew its position 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 buying an additional 64,513 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Annaly Capital Management by 112.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,028,089 shares of the real estate investment trust’s stock worth $20,880,000 after acquiring an additional 544,046 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Annaly Capital Management during the first quarter valued at approximately $625,000. Finally, M&T Bank Corp lifted its position in Annaly Capital Management by 49.9% during the first quarter. M&T Bank Corp now owns 34,748 shares of the real estate investment trust’s stock valued at $706,000 after acquiring an additional 11,568 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target 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. Royal Bank Of Canada upped their target price on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. UBS Group raised their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Finally, Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.91 on Friday. The firm’s fifty day moving average is $21.20 and its two-hundred day moving average is $20.24. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 6.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.8%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 129.63%.

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.