ASR Vermogensbeheer N.V. Acquires Shares of 17,060 Annaly Capital Management Inc (NYSE:NLY)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $346,000 in Annaly Capital Management, acquiring 17,060 shares in the first quarter.
• Several other hedge funds also purchased stakes in Annaly Capital Management during the first quarter, indicating growing institutional interest in the company.
• Annaly Capital Management declared a $0.70 quarterly dividend, translating to an annualized dividend of $2.80 and a yield of 13.6%.

ASR Vermogensbeheer N.V. bought a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,060 shares of the real estate investment trust's stock, valued at approximately $346,000.

Several other hedge funds have also made changes to their positions in NLY. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Northern Trust Corp lifted 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Annaly Capital Management by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after purchasing an additional 730,207 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Annaly Capital Management by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock worth $83,382,000 after purchasing an additional 64,513 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. UBS Group reiterated a "neutral" rating and issued a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.01 during mid-day trading on Friday, reaching $20.83. The stock had a trading volume of 961,615 shares, compared to its average volume of 7,736,169. The business's fifty day moving average is $19.83 and its 200-day moving average is $19.93. 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 firm has a market cap of $13.37 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 4.94 and a beta of 1.20. 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 posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

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.