Alberta Investment Management Corp bought a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 382,100 shares of the real estate investment trust's stock, valued at approximately $8,544,000. Alberta Investment Management Corp owned approximately 0.05% of Annaly Capital Management at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of NLY. AQR Capital Management LLC increased its holdings in Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock worth $1,154,000 after purchasing an additional 29,978 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock worth $302,000 after buying an additional 4,205 shares during the period. Millennium Management LLC lifted its holdings in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock worth $11,003,000 after buying an additional 80,481 shares during the period. NewEdge Advisors LLC grew its position in shares of Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock worth $362,000 after buying an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after buying an additional 2,607,784 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.
Annaly Capital Management Stock Performance
NYSE:NLY opened at $23.33 on Monday. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The stock has a market capitalization of $17.58 billion, a P/E ratio of 5.85, a P/E/G ratio of 6.09 and a beta of 1.16. The company's 50-day simple moving average is $22.61 and its 200-day simple moving average is $22.38.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data 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. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. On average, research analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current year.
Annaly Capital Management Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 12.9%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.70. Annaly Capital Management's dividend payout ratio (DPR) is currently 75.19%.
Analysts Set New Price Targets
NLY has been the subject of several recent research reports. BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday, June 17th. 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 report on Friday, April 24th. Wells Fargo & Company cut their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. JonesTrading reaffirmed a "buy" rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.33.
Read Our Latest Stock Report on NLY
About Annaly Capital Management
(
Free Report)
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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