Annaly Capital Management Inc (NYSE:NLY) Shares Bought by AIA Group Ltd

Key Points

• AIA Group Ltd has increased its holdings in Annaly Capital Management Inc by 53.4%, owning a total of 78,407 shares worth approximately $1.59 million.
• Annaly Capital Management recently reported earnings of $0.73 EPS, exceeding analysts’ expectations, and announced a $0.70 quarterly dividend, yielding 13.7%.
• Analysts have varying targets for Annaly's stock, with a consensus rating of "Moderate Buy" and an average target price of $20.72.

AIA Group Ltd raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 53.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,407 shares of the real estate investment trust's stock after buying an additional 27,310 shares during the quarter. AIA Group Ltd's holdings in Annaly Capital Management were worth $1,592,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Independent Advisor Alliance grew its holdings in Annaly Capital Management by 13.2% during the 1st quarter. Independent Advisor Alliance now owns 35,485 shares of the real estate investment trust's stock valued at $721,000 after buying an additional 4,134 shares during the last quarter. Nuveen LLC acquired a new stake in Annaly Capital Management during the 1st quarter valued at $37,580,000. Cooper Financial Group acquired a new stake in Annaly Capital Management during the 1st quarter valued at $210,000. King Luther Capital Management Corp grew its holdings in Annaly Capital Management by 42.6% during the 1st quarter. King Luther Capital Management Corp now owns 16,739 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 5,000 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Annaly Capital Management during the 1st quarter valued at $3,201,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NLY shares. UBS Group reiterated a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.72.

Annaly Capital Management Price Performance

Shares of NLY stock remained flat at $20.83 during mid-day trading on Friday. The stock had a trading volume of 5,942,950 shares, compared to its average volume of 6,554,946. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.11. The company has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $19.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $13.37 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 4.94 and a beta of 1.20.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

Annaly Capital Management 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.