Cinctive Capital Management LP Grows Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Cinctive Capital Management LP lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 359.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,499 shares of the real estate investment trust’s stock after buying an additional 246,795 shares during the period. Cinctive Capital Management LP’s holdings in Annaly Capital Management were worth $6,332,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NLY. Allspring Global Investments Holdings LLC raised its stake in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after purchasing an additional 1,342,056 shares during the period. Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after buying an additional 41,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after buying an additional 3,350,435 shares in the last quarter. Victory Capital Management Inc. boosted its position in Annaly Capital Management by 7.4% in the 3rd 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 buying an additional 138,320 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Annaly Capital Management by 19.2% during the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock valued at $37,395,000 after acquiring an additional 308,618 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.6 %

Shares of NLY opened at $19.93 on Monday. The firm has a market capitalization of $11.17 billion, a PE ratio of -284.71 and a beta of 1.52. The firm has a 50-day moving average price of $19.72 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 issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion for 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 last year, the business posted $0.66 earnings per share. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.05%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Wall Street Analyst Weigh In

NLY has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

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.