South Dakota Investment Council Acquires 21,000 Shares of Annaly Capital Management Inc (NYSE:NLY)

South Dakota Investment Council raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 141.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,800 shares of the real estate investment trust's stock after buying an additional 21,000 shares during the quarter. South Dakota Investment Council's holdings in Annaly Capital Management were worth $727,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new position in Annaly Capital Management during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new position in Annaly Capital Management during the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Annaly Capital Management during the first quarter valued at $36,000. Fourth Dimension Wealth LLC purchased a new position in Annaly Capital Management during the fourth quarter valued at $39,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Annaly Capital Management during the first quarter valued at $60,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.3%

NLY traded up $0.06 during midday trading on Thursday, reaching $20.51. The company had a trading volume of 4,682,487 shares, compared to its average volume of 7,941,558. The business has a 50-day moving average of $19.32 and a two-hundred day moving average of $19.73. The company has a market cap of $12.25 billion, a P/E ratio of 23.10, a P/E/G ratio of 4.48 and a beta of 1.22. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. On average, equities research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 13.66%. Annaly Capital Management's payout ratio is 314.61%.

Analyst Ratings Changes

A number of research firms have commented on NLY. Jones Trading reissued a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group reissued a "neutral" rating and issued a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.90.

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.