Cibc World Market Inc. Acquires 31,027 Shares of Annaly Capital Management Inc $NLY

Cibc World Market Inc. grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 20.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,810 shares of the real estate investment trust’s stock after purchasing an additional 31,027 shares during the quarter. Cibc World Market Inc.’s holdings in Annaly Capital Management were worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in Annaly Capital Management by 111.8% during the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Annaly Capital Management by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 4,205 shares during the last quarter. Millennium Management LLC raised its stake in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after acquiring an additional 80,481 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Jones Trading raised their price target on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada increased their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Trading Up 0.5%

Shares of NLY stock opened at $23.06 on Monday. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $24.52. The company has a market capitalization of $16.56 billion, a P/E ratio of 8.29, a P/E/G ratio of 7.09 and a beta of 1.24. The stock has a 50 day moving average of $23.08 and a two-hundred day moving average of $21.94.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. Sell-side analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.1%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s payout ratio is 100.72%.

Annaly Capital Management 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.