Meiji Yasuda Asset Management Co Ltd. Has $391,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,537 shares of the real estate investment trust’s stock after purchasing an additional 597 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Annaly Capital Management were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Annaly Capital Management by 2.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock worth $3,092,000 after buying an additional 4,079 shares during the last quarter. Natixis raised its stake in Annaly Capital Management by 16,140.0% during the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 67,788 shares during the last quarter. Norges Bank bought a new stake in Annaly Capital Management in the 4th quarter valued at $110,244,000. Cibc World Markets Corp acquired a new stake in Annaly Capital Management in the 4th quarter worth $3,496,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Annaly Capital Management by 27.3% during the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after purchasing an additional 36,269 shares during the period. Institutional investors own 51.56% of the company’s stock.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Annaly Capital Management Stock Up 0.4 %

Shares of Annaly Capital Management stock opened at $20.88 on Friday. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.11. The stock has a market capitalization of $10.45 billion, a P/E ratio of -21.53 and a beta of 1.52. The company has a 50-day simple moving average of $20.13 and a 200 day simple moving average of $19.69.

Annaly Capital Management (NYSE:NLY) last posted 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. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter last year, the business posted $0.72 earnings per share. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s payout ratio is presently -268.04%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NLY shares. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $23.00 in a research note on Friday. Compass Point lifted their price objective 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 research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

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.