Hsbc Holdings PLC Acquires 586,611 Shares of Annaly Capital Management Inc $NLY

Hsbc Holdings PLC increased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 215.8% in the second quarter, HoldingsChannel.com reports. The fund owned 858,481 shares of the real estate investment trust’s stock after acquiring an additional 586,611 shares during the period. Hsbc Holdings PLC’s holdings in Annaly Capital Management were worth $19,288,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 29,978 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 4,205 shares during the period. Millennium Management LLC lifted its position in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after purchasing an additional 80,481 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NLY shares. Zacks Research upgraded shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research report on Wednesday, June 17th. Wells Fargo & Company reduced their target price on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Finally, Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Trading Up 0.9%

Shares of NLY stock opened at $23.05 on Friday. The company’s fifty day moving average price is $22.85 and its 200-day moving average price is $22.38. The stock has a market cap of $17.38 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 5.97 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

About Annaly Capital Management

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.