Sei Investments Co. Raises Position in Annaly Capital Management Inc (NYSE:NLY)

Sei Investments Co. grew its position in Annaly Capital Management Inc (NYSE:NLY) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,294,861 shares of the real estate investment trust’s stock after buying an additional 50,787 shares during the period. Sei Investments Co.’s holdings in Annaly Capital Management were worth $23,977,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Annaly Capital Management by 20.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 484,043 shares of the real estate investment trust’s stock worth $8,858,000 after acquiring an additional 82,983 shares during the period. Bank of Montreal Can grew its position in Annaly Capital Management by 15.1% during the fourth quarter. Bank of Montreal Can now owns 80,125 shares of the real estate investment trust’s stock valued at $1,466,000 after buying an additional 10,534 shares during the period. Invesco Ltd. grew its position in Annaly Capital Management by 32.6% during the fourth quarter. Invesco Ltd. now owns 2,364,385 shares of the real estate investment trust’s stock valued at $43,268,000 after buying an additional 580,789 shares during the period. Sterling Capital Management LLC grew its position in Annaly Capital Management by 74.6% during the fourth quarter. Sterling Capital Management LLC now owns 33,303 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 14,225 shares during the period. Finally, Guggenheim Capital LLC grew its position in Annaly Capital Management by 29.7% during the fourth quarter. Guggenheim Capital LLC now owns 82,121 shares of the real estate investment trust’s stock valued at $1,503,000 after buying an additional 18,801 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NLY. UBS Group reaffirmed a “neutral” rating and set a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Jones Trading reissued a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Piper Sandler reduced their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $20.72.

Annaly Capital Management Stock Up 1.3%

Shares of Annaly Capital Management stock opened at $20.86 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11. The firm’s 50-day moving average is $19.79 and its two-hundred day moving average is $19.92. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 4.88 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The company had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $237.00 million. As a group, research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date was Monday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 277.23%.

Annaly Capital Management 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.