PGGM Investments Has $8.17 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

PGGM Investments raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 152.0% in the second quarter, HoldingsChannel.com reports. The firm owned 428,406 shares of the real estate investment trust’s stock after purchasing an additional 258,388 shares during the quarter. PGGM Investments’ holdings in Annaly Capital Management were worth $8,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Core Wealth Advisors Inc. increased its position in Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Rise Advisors LLC acquired a new stake in Annaly Capital Management during the 1st quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in Annaly Capital Management during the 4th quarter valued at approximately $33,000. First United Bank & Trust acquired a new stake in Annaly Capital Management during the 4th quarter valued at approximately $33,000. Finally, Register Financial Advisors LLC acquired a new stake in Annaly Capital Management during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded up $0.12 during trading hours on Thursday, hitting $20.00. 1,144,212 shares of the company’s stock traded hands, compared to its average volume of 3,597,665. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of -20.49 and a beta of 1.53. The company has a fifty day simple moving average of $19.79 and a 200-day simple moving average of $19.45.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same quarter last year, the firm posted $0.72 EPS. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 13.00%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NLY. Compass Point increased their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Jonestrading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, April 25th. Janney Montgomery Scott began coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

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.