FORA Capital LLC Buys New Shares in Annaly Capital Management Inc $NLY

Key Points

• FORA Capital LLC acquired 64,144 shares of Annaly Capital Management Inc, valued at approximately $1.3 million, indicating growing institutional interest in the real estate investment trust.
• Analysts have mixed outlooks for Annaly Capital Management, with price targets ranging from $20.00 to $21.50, and a consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.70, representing an annualized dividend yield of 13.3%, highlighting its commitment to returning value to shareholders.

FORA Capital LLC purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 64,144 shares of the real estate investment trust's stock, valued at approximately $1,303,000.

Other large investors have also added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in shares of Annaly Capital Management by 4.5% during the fourth quarter. MML Investors Services LLC now owns 62,382 shares of the real estate investment trust's stock worth $1,142,000 after purchasing an additional 2,690 shares during the period. Tower Research Capital LLC TRC lifted its stake in Annaly Capital Management by 3.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,720 shares of the real estate investment trust's stock valued at $580,000 after acquiring an additional 1,063 shares during the period. Stifel Financial Corp boosted its holdings in shares of Annaly Capital Management by 19.6% in the 4th quarter. Stifel Financial Corp now owns 363,552 shares of the real estate investment trust's stock valued at $6,653,000 after acquiring an additional 59,661 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Annaly Capital Management by 5.0% in the 4th quarter. Hsbc Holdings PLC now owns 367,057 shares of the real estate investment trust's stock valued at $6,715,000 after acquiring an additional 17,618 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Annaly Capital Management by 4.8% in the fourth quarter. Voya Investment Management LLC now owns 68,158 shares of the real estate investment trust's stock worth $1,247,000 after acquiring an additional 3,103 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the subject of a number of research reports. Piper Sandler decreased their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Royal Bank Of Canada decreased their price objective 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. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and an average price target of $20.72.

Annaly Capital Management Trading Up 0.2%

Shares of Annaly Capital Management stock opened at $21.10 on Wednesday. The firm has a 50-day simple moving average of $20.10 and a two-hundred day simple moving average of $19.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The company has a market cap of $13.54 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 4.99 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million during 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%. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management's payout ratio 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.

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