Van ECK Associates Corp Has $37.40 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Van ECK Associates Corp lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,912,803 shares of the real estate investment trust’s stock after buying an additional 308,618 shares during the period. Van ECK Associates Corp’s holdings in Annaly Capital Management were worth $37,395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NLY. Beaird Harris Wealth Management LLC grew its stake in Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC lifted its holdings in shares of Annaly Capital Management by 20.6% during the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 559 shares during the period. Toth Financial Advisory Corp boosted its position in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 576 shares in the last quarter. Wesbanco Bank Inc. increased its stake in Annaly Capital Management by 2.8% in the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Annaly Capital Management by 3.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 597 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY opened at $18.96 on Monday. The company’s 50 day moving average price is $19.99 and its two-hundred day moving average price is $19.77. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of -270.86 and a beta of 1.52. Annaly Capital Management, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.71%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NLY shares. Compass Point lifted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.