Aberdeen Group plc Boosts Stock Holdings in Annaly Capital Management Inc $NLY

Key Points

• Aberdeen Group increased its Annaly Capital Management stake by 65.4% in the second quarter, bringing its holdings to 223,908 shares valued at approximately $5.0 million. Institutional investors collectively own 51.56% of NLY.
• Annaly reported quarterly EPS of $0.79, exceeding analysts’ $0.75 estimate, on revenue of $1.82 billion. The company’s shares opened at $23.33, within a 52-week range of $20.00 to $24.52.
• Annaly raised its quarterly dividend to $0.75 per share, equivalent to $3.00 annually and a 12.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $24.33.

Aberdeen Group plc increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 65.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,908 shares of the real estate investment trust's stock after buying an additional 88,497 shares during the period. Aberdeen Group plc's holdings in Annaly Capital Management were worth $5,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Norges Bank acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust's stock valued at $108,623,000 after purchasing an additional 4,286,893 shares during the period. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust's stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Annaly Capital Management in the 4th quarter valued at about $63,699,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after buying an additional 2,607,784 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.3%

NLY stock opened at $23.33 on Friday. The company has a market capitalization of $17.58 billion, a PE ratio of 5.85, a P/E/G ratio of 6.11 and a beta of 1.16. The stock's 50 day moving average is $22.61 and its two-hundred day moving average is $22.40. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $639.80 million. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 12.9%. Annaly Capital Management's dividend payout ratio (DPR) is currently 75.19%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NLY. Wall Street Zen raised shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. UBS Group reissued a "neutral" rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Annaly Capital Management in a report on Friday, July 10th. Finally, Wells Fargo & Company dropped their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

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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