Narwhal Capital Management maintained its stake in shares of Annaly Capital Management Inc. (NYSE:NLY) during the second quarter, Holdings Channel reports. The firm owned 197,460 shares of the company’s stock at the end of the second quarter. Narwhal Capital Management’s holdings in Annaly Capital Management were worth $2,186,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $13,577,000. DnB Asset Management AS increased its stake in shares of Annaly Capital Management by 126.4% in the first quarter. DnB Asset Management AS now owns 141,149 shares of the company’s stock valued at $1,448,000 after buying an additional 78,800 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Annaly Capital Management by 6.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,800 shares of the company’s stock valued at $3,035,000 after buying an additional 16,885 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of Annaly Capital Management by 13.6% in the first quarter. OLD National Bancorp IN now owns 122,226 shares of the company’s stock valued at $1,254,000 after buying an additional 14,654 shares during the last quarter. Finally, PGGM Investments increased its stake in shares of Annaly Capital Management by 5.1% in the first quarter. PGGM Investments now owns 810,169 shares of the company’s stock valued at $8,312,000 after buying an additional 39,357 shares during the last quarter. Institutional investors and hedge funds own 54.19% of the company’s stock.

Annaly Capital Management Inc. (NYSE:NLY) traded up 1.32% on Wednesday, reaching $10.71. The company had a trading volume of 7,608,969 shares. Annaly Capital Management Inc. has a one year low of $8.25 and a one year high of $11.29. The stock’s market cap is $10.66 billion. The company has a 50-day moving average of $10.84 and a 200 day moving average of $10.68.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Annaly Capital Management Inc. will post $1.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a dividend of $0.2641 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.06 annualized dividend and a dividend yield of 9.86%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -94.49%.

NLY has been the topic of several analyst reports. Compass Point downgraded Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 target price on the stock. in a report on Wednesday, June 15th. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, June 30th. JPMorgan Chase & Co. restated a “hold” rating and set a $11.00 price objective on shares of Annaly Capital Management in a report on Friday, August 5th. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a report on Monday, August 8th. Finally, Deutsche Bank AG lifted their price objective on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $11.06.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

5 Day Chart for NYSE:NLY

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