Annaly Capital Management Inc $NLY Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its Annaly Capital Management stake by 9.6% in the second quarter, selling 502,886 shares and retaining 4.75 million shares valued at approximately $106.3 million. Institutional investors collectively own 51.56% of NLY.
• Annaly reported quarterly earnings of $0.79 per share, exceeding analysts’ $0.75 estimate, on revenue of $1.82 billion. Analysts expect full-year earnings of about $3.09 per share.
• The company raised its quarterly dividend to $0.75 per share, or $3.00 annually, representing a 13.2% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $24.33, compared with shares recently trading at $22.66.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,754,528 shares of the real estate investment trust's stock after selling 502,886 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.63% of Annaly Capital Management worth $106,311,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NLY. New Mexico Educational Retirement Board raised its holdings in shares of Annaly Capital Management by 8.7% in the second quarter. New Mexico Educational Retirement Board now owns 152,125 shares of the real estate investment trust's stock valued at $3,402,000 after buying an additional 12,200 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Annaly Capital Management by 7.2% during the second quarter. Van ECK Associates Corp now owns 3,098,157 shares of the real estate investment trust's stock worth $69,275,000 after buying an additional 208,506 shares during the period. Nissay Asset Management Corp Japan grew its holdings in shares of Annaly Capital Management by 8.8% during the second quarter. Nissay Asset Management Corp Japan now owns 95,665 shares of the real estate investment trust's stock worth $2,139,000 after buying an additional 7,731 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Annaly Capital Management by 215.8% during the second quarter. Hsbc Holdings PLC now owns 858,481 shares of the real estate investment trust's stock worth $19,288,000 after buying an additional 586,611 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Annaly Capital Management by 21.8% in the 2nd quarter. Wellington Management Group LLP now owns 999,489 shares of the real estate investment trust's stock valued at $22,349,000 after acquiring an additional 178,634 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Down 1.1%

Shares of Annaly Capital Management stock opened at $22.66 on Wednesday. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 5.99 and a beta of 1.16. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The company's 50-day simple moving average is $22.89 and its 200-day simple moving average is $22.39.

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

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.2%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 75.19%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. Piper Sandler boosted their target price on Annaly Capital Management from $24.50 to $25.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Annaly Capital Management in a research note on Friday, July 10th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.33.

About Annaly Capital Management

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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