American Assets Investment Management LLC Takes $4.15 Million Position in 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 shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 204,447 shares of the real estate investment trust's stock, valued at approximately $4,152,000. Annaly Capital Management makes up 1.7% of American Assets Investment Management LLC's investment portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jupiter Wealth Management LLC raised its holdings in Annaly Capital Management by 3.4% during the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after buying an additional 492 shares during the period. International Assets Investment Management LLC raised its holdings in Annaly Capital Management by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock worth $472,000 after buying an additional 725 shares during the period. Guidance Point Advisors LLC raised its holdings in Annaly Capital Management by 4.9% during the 4th quarter. Guidance Point Advisors LLC now owns 16,530 shares of the real estate investment trust's stock worth $302,000 after buying an additional 768 shares during the period. Bessemer Group Inc. raised its holdings in Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after buying an additional 811 shares during the period. Finally, United Advisor Group LLC raised its holdings in Annaly Capital Management by 1.5% during the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 847 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.41 during trading on Monday, reaching $20.92. 3,499,258 shares of the company traded hands, compared to its average volume of 7,875,958. The company's 50 day moving average is $19.52 and its two-hundred day moving average is $19.86. The firm has a market capitalization of $13.43 billion, a PE ratio of 20.71, a PEG ratio of 4.90 and a beta of 1.20. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler decreased their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price target 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. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.