Nissay Asset Management Corp Japan ADV Has $1.25 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Nissay Asset Management Corp Japan ADV increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,177 shares of the real estate investment trust’s stock after acquiring an additional 4,965 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Annaly Capital Management were worth $1,253,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth approximately $31,000. Blue Trust Inc. boosted its position in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares during the period. Larson Financial Group LLC boosted its position in Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares during the period. Smartleaf Asset Management LLC boosted its position in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 549 shares during the period. Finally, UMB Bank n.a. raised its holdings in Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,030 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NLY shares. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus price target of $21.10.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.89 on Monday. Annaly Capital Management, Inc. has a one year low of $16.60 and a one year high of $22.11. The firm’s 50 day simple moving average is $19.55 and its two-hundred day simple moving average is $19.77. The stock has a market capitalization of $11.88 billion, a P/E ratio of 12.51, a PEG ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.08%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management’s dividend payout ratio is 314.61%.

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.