American Assets Investment Management LLC Buys Shares of 204,447 Annaly Capital Management Inc (NYSE:NLY)

Key Points

• American Assets Investment Management LLC invested approximately $4.15 million in Annaly Capital Management, acquiring 204,447 shares during the 1st quarter of the year.
• Annaly Capital Management's latest quarterly earnings showed an EPS of $0.73, surpassing expectations, with revenue of $273.20 million.
• The company recently announced a $0.70 per share quarterly dividend, representing an annualized yield of 13.61%, with a payout ratio of 277.23%.

American Assets Investment Management LLC acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 204,447 shares of the real estate investment trust's stock, valued at approximately $4,152,000. Annaly Capital Management comprises 1.7% of American Assets Investment Management LLC's holdings, making the stock its 22nd largest position.

Other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the first quarter valued at $36,000. MCF Advisors LLC boosted its stake in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,598 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded up $0.17 during trading hours on Friday, reaching $20.50. The company's stock had a trading volume of 6,641,195 shares, compared to its average volume of 6,488,296. The company's 50 day simple moving average is $19.52 and its 200 day simple moving average is $19.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.10 and a current ratio of 0.11. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.11. The stock has a market cap of $12.25 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 4.49 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. As a group, analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

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

Analysts Set New Price Targets

NLY has been the subject of several analyst reports. Royal Bank Of Canada decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group reiterated a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Finally, Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.72.

About Annaly Capital Management

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.