Retirement Systems of Alabama Acquires 22,352 Shares of Annaly Capital Management Inc (NYSE:NLY)

Retirement Systems of Alabama lifted its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 925,882 shares of the real estate investment trust's stock after purchasing an additional 22,352 shares during the quarter. Retirement Systems of Alabama owned about 0.15% of Annaly Capital Management worth $18,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Annaly Capital Management by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after acquiring an additional 8,272,674 shares in the last quarter. Geode Capital Management LLC lifted its stake in Annaly Capital Management by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after acquiring an additional 814,917 shares in the last quarter. Northern Trust Corp raised its stake in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $127,397,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Stock Down 0.2%

Shares of NYSE:NLY traded down $0.05 during midday trading on Friday, hitting $19.13. The stock had a trading volume of 14,527,705 shares, compared to its average volume of 6,702,195. The company's 50-day moving average price is $19.02 and its 200-day moving average price is $19.68. The company has a market capitalization of $11.43 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 4.21 and a beta of 1.23. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. Research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.63%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

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.