Annaly Capital Management Inc $NLY Position Boosted by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 190,003 shares of the real estate investment trust’s stock after purchasing an additional 23,615 shares during the period. TD Asset Management Inc’s holdings in Annaly Capital Management were worth $3,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Guidance Point Advisors LLC boosted its holdings in shares of Annaly Capital Management by 3.1% in the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 519 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Annaly Capital Management by 5.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 688 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Annaly Capital Management by 3.2% in the first quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 725 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Annaly Capital Management by 3.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock worth $436,000 after buying an additional 779 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in shares of Annaly Capital Management by 4.7% in the second quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 788 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised 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. Piper Sandler set a $22.50 target price on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday. Royal Bank Of Canada increased their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Jones Trading reissued a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.50.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.12 on Tuesday. The company has a 50 day simple moving average of $21.11 and a 200-day simple moving average of $19.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 4.93 and a beta of 1.25. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 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.