Groupe la Francaise acquired a new stake in Annaly Capital Management Inc (NYSE:NLY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,997 shares of the real estate investment trust’s stock, valued at approximately $559,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NLY. Fourth Dimension Wealth LLC raised its position in shares of 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 worth $26,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC increased its stake in 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 valued at $28,000 after purchasing an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management during the 4th quarter valued at $31,000. TD Private Client Wealth LLC raised its holdings in 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 during the last quarter. Finally, Markowski Investments acquired a new position in Annaly Capital Management during the second quarter worth $37,000. Institutional investors own 51.56% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on NLY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. JPMorgan Chase & Co. decreased their target price 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. Piper Sandler upped 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. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Finally, Wells Fargo & Company cut their price target on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.
Annaly Capital Management Trading Down 0.3%
NYSE NLY opened at $22.75 on Wednesday. The business has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $22.38. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52. The firm has a market capitalization of $17.15 billion, a P/E ratio of 5.70, a PEG ratio of 1.79 and a beta of 1.16.
Annaly Capital Management (NYSE:NLY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.
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.
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