Norges Bank purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,266,404 shares of the real estate investment trust’s stock, valued at approximately $162,477,000.
Several other large investors have also recently bought and sold shares of the business. Koshinski Asset Management Inc. raised its position in Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 463 shares during the period. ProShare Advisors LLC raised its position in Annaly Capital Management by 1.8% during the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 481 shares during the period. MCF Advisors LLC raised its position in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares during the period. Fourth Dimension Wealth LLC raised its position in Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Annaly Capital Management by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 524 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NLY has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Piper Sandler dropped their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday. JonesTrading restated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold 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 $24.22.
Annaly Capital Management Price Performance
Shares of NYSE NLY opened at $21.16 on Thursday. The business’s 50-day moving average price is $21.91 and its two-hundred day moving average price is $22.48. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52. The company has a market capitalization of $15.50 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 6.50 and a beta of 1.17.
Annaly Capital Management (NYSE:NLY – Get Free Report) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. On average, equities analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current year.
Annaly Capital Management Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. Annaly Capital Management’s payout ratio is 94.59%.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.
Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.
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