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American Assets Investment Management LLC Acquires New Position in Annaly Capital Management Inc (NYSE:NLY)

Annaly Capital Management logo with Finance background

Key Points

  • American Assets Investment Management LLC recently acquired 204,447 shares of Annaly Capital Management, valued at approximately $4.15 million, marking a significant new position for the firm in the first quarter.
  • Several institutional investors have increased their stakes in Annaly Capital Management, with Wellington Management Group LLP raising theirs by 135.6% during the fourth quarter.
  • Annaly Capital Management reported $0.73 earnings per share for the last quarter, exceeding analysts' expectations, and also announced a dividend of $0.70 per share, yielding 13.4% annually.
  • MarketBeat previews top five stocks to own in September.

American Assets Investment Management LLC acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 204,447 shares of the real estate investment trust's stock, valued at approximately $4,152,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NLY. O Shaughnessy Asset Management LLC raised its stake in Annaly Capital Management by 9.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,892 shares of the real estate investment trust's stock valued at $309,000 after acquiring an additional 1,439 shares during the period. Wellington Management Group LLP raised its stake in Annaly Capital Management by 135.6% in the 4th quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock valued at $23,157,000 after acquiring an additional 728,307 shares during the period. Alliancebernstein L.P. raised its stake in Annaly Capital Management by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 902,888 shares of the real estate investment trust's stock valued at $16,523,000 after acquiring an additional 77,102 shares during the period. Franklin Resources Inc. raised its stake in Annaly Capital Management by 102.4% in the 4th quarter. Franklin Resources Inc. now owns 186,329 shares of the real estate investment trust's stock valued at $3,410,000 after acquiring an additional 94,290 shares during the period. Finally, Geode Capital Management LLC raised its stake in Annaly Capital Management by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after acquiring an additional 814,917 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NLY has been the topic of several analyst reports. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on 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. Piper Sandler decreased their price target on 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. Royal Bank Of Canada decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Finally, Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.72.

Read Our Latest Research Report on Annaly Capital Management

Annaly Capital Management Stock Up 1.9%

Shares of NLY opened at $20.90 on Tuesday. The firm has a market cap of $13.42 billion, a P/E ratio of 20.69, a P/E/G ratio of 4.90 and a beta of 1.20. The stock has a 50 day simple moving average of $19.56 and a two-hundred day simple moving average of $19.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11.

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, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio is 277.23%.

About Annaly Capital Management

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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.

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