California State Teachers Retirement System Acquires 27,782,188 Shares of Annaly Capital Management Inc $NLY

Key Points

• California State Teachers Retirement System increased its Annaly Capital Management stake by 1,703.7%, acquiring 27.8 million additional shares. It now owns 29.4 million shares, valued at approximately $657.7 million and representing about 3.9% of NLY.
• Institutional investors own 51.56% of Annaly, with Goldman Sachs and other major firms also expanding their positions during the reported period.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $24.33 average price target. Annaly also reported quarterly EPS of $0.79 versus a $0.75 estimate and declared a $0.75 quarterly dividend, equivalent to a 13.7% annualized yield.

California State Teachers Retirement System increased its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 1,703.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,412,858 shares of the real estate investment trust's stock after acquiring an additional 27,782,188 shares during the period. California State Teachers Retirement System owned about 3.90% of Annaly Capital Management worth $657,672,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Annaly Capital Management by 111.8% during the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock valued at $1,154,000 after buying an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 4,205 shares during the last quarter. Millennium Management LLC lifted its stake in Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock valued at $11,003,000 after acquiring an additional 80,481 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock valued at $362,000 after acquiring an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

NLY has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research report on Friday, July 10th. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Finally, Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

Trending Headlines about Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Dividend maintained: Annaly declared another quarterly dividend of $0.75 per share, payable October 30 to shareholders of record September 30. The continued payout reinforces NLY’s appeal to income investors, although the high annualized yield also signals elevated risk. Annaly maintains quarterly dividend
• Neutral Sentiment: Higher mortgage rates create both opportunity and risk: Mortgage rates moving above 7% could widen mortgage-backed-securities spreads and create investment opportunities for mREITs such as NLY. However, higher funding costs, hedging expenses and potential book-value volatility may offset those benefits. Mortgage rates rise above 7 percent
• Neutral Sentiment: Recent market underperformance: NLY recently settled at approximately $22 after declining more than the broader market, indicating that investors may be reducing exposure to rate-sensitive mortgage REITs or reacting to concerns about valuation and earnings durability. Annaly suffers larger drop than the market
• Negative Sentiment: Investor caution is increasing: Trading in NLY put options was unusually heavy, with 10,591 puts purchased—about 42% above typical volume. While options activity is not conclusive, it suggests heightened demand for downside protection or bearish positioning.
• Negative Sentiment: Yield-trap concerns: Commentary warns that Annaly’s roughly 12.8% common-stock yield has historically come with dividend and capital-risk concerns. A separate analysis also found Annaly’s preferred NLY-J shares expensive relative to its target valuation, highlighting broader concerns about paying too much for yield. Is this high-yielding dividend stock a bargain or a trap

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $21.94 on Monday. The company has a market capitalization of $16.53 billion, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The company's 50-day moving average is $22.89 and its 200 day moving average is $22.36. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52.

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 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. As a group, research analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 13.7%. Annaly Capital Management's dividend payout ratio is presently 75.19%.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.

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