Annaly Capital Management Inc $NLY Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,465 shares of the real estate investment trust’s stock after acquiring an additional 17,214 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Annaly Capital Management were worth $2,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in Annaly Capital Management in the second quarter valued at about $100,216,000. Goldman Sachs Group Inc. increased its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. Nuveen LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at approximately $37,580,000. Vanguard Group Inc. boosted its stake in shares of Annaly Capital Management by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after buying an additional 1,634,883 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Annaly Capital Management by 6.8% during the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock worth $280,535,000 after buying an additional 949,260 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NLY. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. 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 research report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a “cautious” rating in a research report on Monday, October 6th. Finally, Piper Sandler set a $22.50 price objective on Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.71.

Annaly Capital Management Trading Up 0.3%

NYSE NLY opened at $21.62 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The company has a 50-day simple moving average of $21.19 and a 200-day simple moving average of $20.39. The firm has a market capitalization of $14.76 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

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.