Annaly Capital Management Inc $NLY Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Annaly Capital Management by 126.8% in the first quarter, owning 340,272 shares valued at approximately $6.84 million.
• Annaly Capital Management reported better-than-expected earnings for the quarter with $0.73 earnings per share and revenue of $273.2 million, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.70 per share, resulting in an annualized dividend yield of 13.4% and a high dividend payout ratio of 277.23%.

Aberdeen Group plc raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 126.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,272 shares of the real estate investment trust's stock after acquiring an additional 190,215 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Annaly Capital Management worth $6,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after acquiring an additional 1,634,883 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after acquiring an additional 8,272,674 shares during the last quarter. Northern Trust Corp lifted its position in Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after acquiring an additional 3,606,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Annaly Capital Management by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock valued at $86,217,000 after acquiring an additional 730,207 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Annaly Capital Management by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock valued at $83,382,000 after acquiring an additional 64,513 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Up 0.0%

NYSE NLY traded up $0.0050 on Monday, reaching $21.1350. The stock had a trading volume of 2,647,831 shares, compared to its average volume of 7,699,057. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 5.01 and a beta of 1.20. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The stock has a fifty day moving average price of $20.02 and a two-hundred day moving average price of $19.94.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio is 277.23%.

Analyst Ratings Changes

NLY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target 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. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Royal Bank Of Canada reduced their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Finally, Piper Sandler dropped their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Company 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.