Advisors Capital Management LLC Raises Stock Position in Annaly Capital Management Inc $NLY

Advisors Capital Management LLC lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,985,668 shares of the real estate investment trust's stock after acquiring an additional 70,196 shares during the quarter. Advisors Capital Management LLC owned about 0.40% of Annaly Capital Management worth $66,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Annaly Capital Management in the fourth quarter valued at about $162,477,000. BlackRock Inc. lifted its position in Annaly Capital Management by 6.7% during the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust's stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Annaly Capital Management by 394.1% during the 3rd 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 worth $108,623,000 after acquiring an additional 4,286,893 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust's stock worth $1,422,401,000 after acquiring an additional 3,024,564 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Annaly Capital Management in the 4th quarter worth approximately $63,699,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Down 1.6%

Annaly Capital Management stock opened at $23.36 on Friday. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week high of $24.52. The stock has a market cap of $17.61 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 6.20 and a beta of 1.16. The stock has a 50 day moving average of $22.76 and a 200-day moving average of $22.37.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 12.8%. 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. Annaly Capital Management's payout ratio is presently 75.19%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NLY shares. JPMorgan Chase & Co. lowered their price objective 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 company an "overweight" rating in a research note on Thursday, July 2nd. UBS Group reaffirmed a "neutral" rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Zacks Research raised shares of Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

About Annaly Capital Management

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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