Annaly Capital Management Inc $NLY Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its holdings in Annaly Capital Management Inc by 14.2% during Q2, now owning 190,003 shares worth approximately $3.58 million.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, representing a dividend yield of 13.3% and a payout ratio of 277.23%.
• The company reported $0.73 earnings per share for the last quarter, exceeding estimates, with revenues reaching $273.20 million versus expected $237 million.

TD Asset Management Inc increased its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,003 shares of the real estate investment trust's stock after acquiring an additional 23,615 shares during the period. TD Asset Management Inc's holdings in Annaly Capital Management were worth $3,576,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Axxcess Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 24.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 16,056 shares of the real estate investment trust's stock worth $302,000 after acquiring an additional 3,200 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Annaly Capital Management by 70.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 109,811 shares of the real estate investment trust's stock worth $2,067,000 after acquiring an additional 45,553 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Annaly Capital Management by 16.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 217,018 shares of the real estate investment trust's stock worth $4,084,000 after acquiring an additional 31,241 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Annaly Capital Management by 3.3% in the 2nd quarter. Yousif Capital Management LLC now owns 230,574 shares of the real estate investment trust's stock worth $4,339,000 after acquiring an additional 7,295 shares during the period. Finally, Meritage Portfolio Management increased its holdings in shares of Annaly Capital Management by 45.9% in the 2nd quarter. Meritage Portfolio Management now owns 204,205 shares of the real estate investment trust's stock worth $3,843,000 after acquiring an additional 64,216 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $21.12 on Tuesday. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $21.11 and a 200-day moving average of $19.94. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 4.93 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $237.00 million. Analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.3%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NLY shares. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the company a "cautious" rating in a research report on Monday, October 6th. UBS Group increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of "Hold" and a consensus price target of $21.50.

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.

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