Meiji Yasuda Life Insurance Co Invests $454,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Meiji Yasuda Life Insurance Co acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,800 shares of the real estate investment trust’s stock, valued at approximately $454,000.

Several other hedge funds have also recently added to or reduced their stakes in NLY. Beaird Harris Wealth Management LLC boosted its position in shares of Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 500 shares during the last quarter. Redmont Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 20.6% during the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 559 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Annaly Capital Management by 6.0% during the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 562 shares during the period. Retirement Group LLC raised its position in shares of Annaly Capital Management by 27.7% in the 1st quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 687 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Annaly Capital Management by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 704 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.5 %

NLY opened at $20.81 on Thursday. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of -21.45 and a beta of 1.52. The company has a fifty day simple moving average of $20.07 and a 200 day simple moving average of $19.66.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating 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 the consensus estimate of $318.00 million. During the same period last year, the firm earned $0.72 earnings per share. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.49%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Analysts Set New Price Targets

Several brokerages have commented on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Janney Montgomery Scott started coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Compass Point upped their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.14.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Annaly Capital Management Company 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.