International Assets Investment Management LLC Has $419,000 Stock Position in Annaly Capital Management Inc $NLY

International Assets Investment Management LLC reduced its holdings in Annaly Capital Management Inc (NYSE:NLY) by 4.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,242 shares of the real estate investment trust’s stock after selling 980 shares during the period. International Assets Investment Management LLC’s holdings in Annaly Capital Management were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Guidance Point Advisors LLC increased its position in shares of Annaly Capital Management by 3.1% during the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 519 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Annaly Capital Management by 5.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 688 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Annaly Capital Management by 3.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock worth $436,000 after buying an additional 779 shares during the period. OLD National Bancorp IN increased its position in shares of Annaly Capital Management by 4.7% during the second quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 788 shares during the period. Finally, Samalin Investment Counsel LLC increased its position in shares of Annaly Capital Management by 3.0% during the first quarter. Samalin Investment Counsel LLC now owns 27,518 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 796 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 1.1%

Annaly Capital Management stock opened at $21.29 on Thursday. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 4.98 and a beta of 1.25. The firm’s fifty day moving average price is $21.13 and its two-hundred day moving average price is $19.95. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $885.58 million for the quarter, compared to analyst estimates of $493.55 million. On average, equities research 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 company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 277.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.50.

About Annaly Capital Management

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.