Annaly Capital Management Inc $NLY Shares Bought by Principal Financial Group Inc.

Key Points

• Principal Financial Group increased its Annaly Capital Management stake by 3.7% in the second quarter, buying 60,537 additional shares for a total holding of 1.68 million shares valued at approximately $37.6 million. Institutional investors and hedge funds collectively own 51.56% of NLY.
• Analysts maintain a generally positive outlook, with NLY carrying a “Moderate Buy” consensus rating and an average price target of $24.33, compared with a recent share price of $23.33.
• Annaly exceeded quarterly EPS estimates, reporting $0.79 versus the expected $0.75, and raised its quarterly dividend to $0.75 per share, representing a $3.00 annualized payout and a 12.9% yield.

Principal Financial Group Inc. raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,679,569 shares of the real estate investment trust's stock after buying an additional 60,537 shares during the period. Principal Financial Group Inc. owned about 0.22% of Annaly Capital Management worth $37,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fourth Dimension Wealth LLC boosted its stake in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust's stock worth $26,000 after buying an additional 500 shares during the last quarter. Root Financial Partners LLC raised its position in Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,136 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in Annaly Capital Management in the fourth quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 1,178 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NLY. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research report on Wednesday, June 17th. Wells Fargo & Company decreased their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. JonesTrading reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, UBS Group reissued a "neutral" rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.33.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $23.33 on Friday. Annaly Capital Management Inc has a 1-year low of $20.00 and a 1-year high of $24.52. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 6.11 and a beta of 1.16. The stock has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $22.40.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. Analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 12.9%. Annaly Capital Management's payout ratio is 75.19%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

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