Mitsubishi UFJ Asset Management Co. Ltd. Acquires 88,670 Shares of Annaly Capital Management Inc $NLY

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,245 shares of the real estate investment trust’s stock after buying an additional 88,670 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Annaly Capital Management worth $9,979,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in Annaly Capital Management during the 2nd quarter valued at $100,216,000. Goldman Sachs Group Inc. raised its position in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter worth $37,580,000. Vanguard Group Inc. boosted its position in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Annaly Capital Management during the first quarter valued at about $16,500,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.79 on Thursday. The company has a market cap of $14.88 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 6.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The stock’s fifty day moving average price is $21.24 and its 200 day moving average price is $20.32. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $885.58 million during the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. As a group, equities research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio is currently 129.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NLY. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research note on Friday, July 25th. UBS Group increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.71.

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.