Toronto Dominion Bank Grows Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Toronto Dominion Bank lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 30.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,126 shares of the real estate investment trust’s stock after purchasing an additional 15,037 shares during the period. Toronto Dominion Bank’s holdings in Annaly Capital Management were worth $1,287,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NLY. Citigroup Inc. lifted its holdings in Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after buying an additional 120,163 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Annaly Capital Management by 7.4% during the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after acquiring an additional 138,320 shares in the last quarter. State Street Corp lifted its stake in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after acquiring an additional 223,294 shares during the period. Wellington Management Group LLP lifted its stake in Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after acquiring an additional 48,555 shares during the period. Finally, Clarity Financial LLC bought a new stake in Annaly Capital Management in the third quarter valued at $6,687,000. 51.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NLY. 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 report on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Annaly Capital Management Stock Performance

NLY stock opened at $19.75 on Tuesday. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of -282.14 and a beta of 1.51. The firm has a 50 day moving average price of $19.66 and a 200-day moving average price of $19.85. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 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, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.16%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

Annaly Capital Management 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.