Aberdeen Group plc Purchases 33,293 Shares of Annaly Capital Management Inc $NLY

Key Points

• Aberdeen Group plc boosted its holdings in Annaly Capital Management by 9.8%, acquiring an additional 33,293 shares during the 2nd quarter, bringing its total shares to 373,565.
• Annaly Capital Management reported $273.20 million in revenue for the last quarter, exceeding analysts' expectations of $237 million, with earnings per share of $0.73.
• The company declared a quarterly dividend of $0.70 per share, with an ex-dividend date of September 30th, leading to an annualized dividend yield of 13.7%.

Aberdeen Group plc raised its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 373,565 shares of the real estate investment trust's stock after acquiring an additional 33,293 shares during the period. Aberdeen Group plc owned about 0.06% of Annaly Capital Management worth $6,988,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of Annaly Capital Management by 15.8% during the 2nd quarter. IFP Advisors Inc now owns 8,770 shares of the real estate investment trust's stock worth $176,000 after purchasing an additional 1,194 shares during the last quarter. Columbus Macro LLC increased its position in shares of Annaly Capital Management by 11.9% during the 2nd quarter. Columbus Macro LLC now owns 377,476 shares of the real estate investment trust's stock worth $7,104,000 after purchasing an additional 40,164 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Annaly Capital Management by 10.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 29,061 shares of the real estate investment trust's stock worth $547,000 after purchasing an additional 2,865 shares during the last quarter. PARK CIRCLE Co acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $376,000. Finally, Clear Creek Financial Management LLC increased its position in shares of Annaly Capital Management by 11.7% during the 2nd quarter. Clear Creek Financial Management LLC now owns 39,080 shares of the real estate investment trust's stock worth $735,000 after purchasing an additional 4,102 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $20.49 on Friday. 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 stock's fifty day moving average price is $21.09 and its two-hundred day moving average price is $19.92. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 4.93 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.7%. Annaly Capital Management's dividend payout ratio is 277.23%.

Analyst Ratings Changes

Several research firms have weighed in on NLY. Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a "cautious" rating in a research report on Monday, October 6th. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on 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, Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.