KBC Group NV Purchases 1,525,251 Shares of Annaly Capital Management Inc $NLY

KBC Group NV boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 44.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,976,006 shares of the real estate investment trust’s stock after purchasing an additional 1,525,251 shares during the quarter. KBC Group NV’s holdings in Annaly Capital Management were worth $105,243,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NLY. Fourth Dimension Wealth LLC raised its holdings in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at $29,000. Root Financial Partners LLC grew its holdings in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at $31,000. Finally, TD Private Client Wealth LLC increased its position in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.1%

Shares of NYSE:NLY opened at $23.02 on Monday. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 6.93 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $19.70 and a 12 month high of $24.52. The company’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $22.46.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Research analysts expect that Annaly Capital Management Inc will post 3.02 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.0%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is presently 101.35%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. JonesTrading reiterated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, BTIG Research set a $24.00 price objective on Annaly Capital Management in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average price target of $24.67.

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.