California State Teachers Retirement System increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY – Free Report) by 2.4% in the first quarter, HoldingsChannel reports. The firm owned 1,630,670 shares of the real estate investment trust’s stock after buying an additional 37,747 shares during the period. California State Teachers Retirement System’s holdings in Annaly Capital Management were worth $34,489,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC raised its stake in Annaly Capital Management by 76.9% in 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. Root Financial Partners LLC boosted its stake in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares during the period. Camelot Portfolios LLC bought a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Piper Sandler increased their price target on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, Zacks Research upgraded shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.
Annaly Capital Management Trading Down 1.5%
Annaly Capital Management stock opened at $22.73 on Friday. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52. The stock’s 50 day moving average is $22.30 and its 200-day moving average is $22.45. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 6.03 and a beta of 1.16.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, equities research analysts predict that Annaly Capital Management Inc will post 3.09 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 Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.2%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.
Annaly Capital Management 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.
Read More
- Five stocks we like better than Annaly Capital Management
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY – Free Report).
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.
