AIA Group Ltd Boosts Stock Holdings in Annaly Capital Management Inc $NLY

AIA Group Ltd lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 124.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,118 shares of the real estate investment trust’s stock after acquiring an additional 88,341 shares during the period. AIA Group Ltd’s holdings in Annaly Capital Management were worth $3,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Annaly Capital Management during the 2nd quarter valued at $130,626,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after purchasing an additional 4,286,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 4.2% during the second quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock valued at $1,104,761,000 after purchasing an additional 2,344,867 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Annaly Capital Management during the third quarter valued at $40,234,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 0.2%

Annaly Capital Management stock opened at $21.97 on Friday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The company has a market cap of $15.78 billion, a P/E ratio of 7.90, a P/E/G ratio of 6.74 and a beta of 1.24. The business has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $22.24.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently 100.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NLY shares. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada lifted their price target on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 28,225 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. The trade was a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the sale, the chief financial officer owned 173,081 shares of the company’s stock, valued at $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,252 shares of company stock worth $1,639,995 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Annaly Capital Management Company 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.