PNC Financial Services Group Inc. Sells 7,287 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PNC Financial Services Group Inc. lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 18.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,561 shares of the real estate investment trust’s stock after selling 7,287 shares during the period. PNC Financial Services Group Inc.’s holdings in Annaly Capital Management were worth $631,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Annaly Capital Management by 14.4% in the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after acquiring an additional 269,758 shares during the last quarter. Dupree Financial Group LLC bought a new position in Annaly Capital Management in the fourth quarter valued at about $9,222,000. Nomura Asset Management Co. Ltd. boosted its holdings in Annaly Capital Management by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock valued at $3,092,000 after acquiring an additional 4,079 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock valued at $4,828,000 after acquiring an additional 10,404 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Annaly Capital Management in the fourth quarter valued at about $2,721,000. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NLY. StockNews.com upgraded Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. 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 target price on the stock. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Compass Point began coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Price Performance

NYSE NLY opened at $19.92 on Thursday. The firm has a market cap of $9.97 billion, a P/E ratio of -20.54 and a beta of 1.53. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $19.40. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. During the same quarter last year, the firm earned $0.81 EPS. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.05%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

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.