Renaissance Technologies LLC raised its position in shares of Annaly Capital Management Inc (NYSE:NLY – Free Report) by 72.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,222 shares of the real estate investment trust’s stock after acquiring an additional 187,707 shares during the period. Renaissance Technologies LLC’s holdings in Annaly Capital Management were worth $9,480,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fourth Dimension Wealth LLC lifted its holdings in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC grew its holdings in Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares in the last quarter. Camelot Portfolios LLC bought a new position in Annaly Capital Management during the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new position in Annaly Capital Management during the 4th quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.
Annaly Capital Management Stock Performance
NLY opened at $22.73 on Monday. The firm has a market cap of $17.13 billion, a P/E ratio of 5.70, a price-to-earnings-growth ratio of 5.93 and a beta of 1.16. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The business’s fifty day moving average is $22.30 and its 200-day moving average is $22.44.
Annaly Capital Management Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.2%. Annaly Capital Management’s payout ratio is presently 75.19%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NLY. Wells Fargo & Company decreased their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Piper Sandler raised 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. Finally, JPMorgan Chase & Co. lowered their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.
Read Our Latest Analysis on NLY
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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