Algebris UK Ltd Boosts Stock Position in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Algebris UK Ltd increased its holdings in Annaly Capital Management by 2.5%, acquiring an additional 20,711 shares during the first quarter, bringing its total to 852,164 shares.
• Multiple institutional investors, including Price T Rowe Associates and Norges Bank, made significant position changes in Annaly Capital Management, indicating rising confidence among major stakeholders.
• Annaly Capital Management declared a $0.70 quarterly dividend, representing a dividend yield of 13.53%, with a payout ratio of 277.23% as of its latest announcement.

Algebris UK Ltd lifted its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,164 shares of the real estate investment trust's stock after purchasing an additional 20,711 shares during the quarter. Annaly Capital Management comprises about 2.9% of Algebris UK Ltd's investment portfolio, making the stock its 17th biggest position. Algebris UK Ltd owned about 0.14% of Annaly Capital Management worth $16,022,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the first quarter worth about $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $36,000. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $39,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Up 0.8%

Shares of NLY traded up $0.17 during trading hours on Friday, reaching $20.50. 4,678,443 shares of the company traded hands, compared to its average volume of 7,889,344. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 4.55 and a beta of 1.22. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average price is $19.49 and its 200 day moving average price is $19.83.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.7%. Annaly Capital Management's dividend payout ratio is presently 277.23%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NLY shares. Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Piper Sandler decreased their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.72.

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.