Cibc World Market Inc. Invests $5.99 Million in Annaly Capital Management Inc $NLY

Key Points

• CIBC World Market acquired 268,080 shares of Annaly Capital Management, valued at approximately $5.99 million. Institutional investors and hedge funds collectively own 51.56% of NLY’s outstanding shares.
• Analysts maintain a generally positive outlook, with NLY carrying a consensus rating of “Moderate Buy” and an average price target of $24.33.
• Annaly reported quarterly EPS of $0.79, exceeding estimates of $0.75, and increased its quarterly dividend to $0.75 per share—an annualized yield of approximately 13%.

Cibc World Market Inc. acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 268,080 shares of the real estate investment trust's stock, valued at approximately $5,994,000.

Several other institutional investors also recently bought and sold shares of the company. HUB Investment Partners LLC boosted its holdings in shares of Annaly Capital Management by 3.3% in the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust's stock valued at $328,000 after acquiring an additional 462 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust's stock valued at $548,000 after purchasing an additional 463 shares during the period. Quadcap Wealth Management LLC boosted its holdings in Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 495 shares in the last quarter. Fourth Dimension Wealth LLC increased its position in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 500 shares during the period. Finally, GWN Securities Inc. increased its position in Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 514 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NLY shares. Zacks Research raised Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Annaly Capital Management in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.33.

Annaly Capital Management Stock Down 0.6%

NYSE:NLY opened at $23.11 on Wednesday. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The stock has a fifty day simple moving average of $22.82 and a 200-day simple moving average of $22.38. The company has a market capitalization of $17.42 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 6.07 and a beta of 1.16.

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

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. Annaly Capital Management's payout ratio is currently 75.19%.

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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