Public Employees Retirement System of Ohio Makes New $4.68 Million Investment in Annaly Capital Management Inc $NLY

Public Employees Retirement System of Ohio bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLYFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 209,165 shares of the real estate investment trust’s stock, valued at approximately $4,677,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Corient Private Wealth LP grew its position in shares of Annaly Capital Management by 38.2% during the second quarter. Corient Private Wealth LP now owns 47,350 shares of the real estate investment trust’s stock valued at $1,060,000 after purchasing an additional 13,082 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Annaly Capital Management in the second quarter worth about $2,323,000. Man Group plc bought a new position in Annaly Capital Management during the second quarter valued at approximately $5,853,000. Invst LLC boosted its stake in Annaly Capital Management by 10.1% during the second quarter. Invst LLC now owns 37,616 shares of the real estate investment trust’s stock valued at $841,000 after buying an additional 3,452 shares during the last quarter. Finally, First Bancorp Inc ME purchased a new position in Annaly Capital Management during the 2nd quarter valued at approximately $100,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 0.5%

NLY stock opened at $22.73 on Thursday. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 1.78 and a beta of 1.16. The business’s fifty day simple moving average is $22.90 and its two-hundred day simple moving average is $22.38.

Annaly Capital Management (NYSE:NLYGet Free Report) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. Research analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend 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 is presently 75.19%.

Analysts Set New Price Targets

A number of research firms have recently commented on NLY. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Finally, Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Read Our Latest Research Report on Annaly Capital Management

Annaly Capital Management Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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