Generali Asset Management SPA SGR Makes New $1.85 Million Investment in Annaly Capital Management Inc $NLY

Key Points

• Generali Asset Management SPA SGR has made a new investment of approximately $1.85 million in Annaly Capital Management Inc, acquiring 98,266 shares during the second quarter.
• Annaly Capital Management reported $0.73 EPS for the last quarter, exceeding analysts' expectations of $0.72, along with revenues of $273.20 million, which surpassed the estimate of $237.00 million.
• The firm recently announced a quarterly $0.70 dividend per share, representing an annualized dividend of $2.80 and a yield of 13.5%, with a payout ratio of 277.23%.

Generali Asset Management SPA SGR acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,266 shares of the real estate investment trust's stock, valued at approximately $1,849,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Guidance Point Advisors LLC boosted its stake in Annaly Capital Management by 3.1% in the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock worth $346,000 after purchasing an additional 519 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Annaly Capital Management by 5.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust's stock worth $231,000 after purchasing an additional 688 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Annaly Capital Management by 3.2% in the first quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock worth $472,000 after purchasing an additional 725 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Annaly Capital Management by 3.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust's stock worth $436,000 after acquiring an additional 779 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Annaly Capital Management by 4.7% during the second quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust's stock worth $330,000 after acquiring an additional 788 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Trading Up 1.2%

NYSE NLY opened at $20.77 on Friday. The stock has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $19.92. The company has a market capitalization of $13.33 billion, a PE ratio of 20.56, a P/E/G ratio of 4.86 and a beta of 1.25. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's payout ratio is presently 277.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Finally, Barclays set a $20.00 target price on Annaly Capital Management and gave the stock a "cautious" rating in a research report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.13.

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.

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