Hsbc Holdings PLC Acquires 586,611 Shares of Annaly Capital Management Inc $NLY

Key Points

• HSBC Holdings increased its Annaly Capital Management stake by 215.8% in the second quarter, purchasing 586,611 additional shares to hold 858,481 shares worth approximately $19.3 million.
• Institutional investors own 51.56% of NLY’s outstanding shares, with several other funds also raising their positions during recent quarters.
• Analysts maintain a generally positive outlook, with NLY receiving a consensus “Moderate Buy” rating and an average price target of $24.33, compared with a recent share price of $22.75.

Hsbc Holdings PLC grew its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 215.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 858,481 shares of the real estate investment trust's stock after buying an additional 586,611 shares during the period. Hsbc Holdings PLC owned 0.11% of Annaly Capital Management worth $19,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NLY. HUB Investment Partners LLC raised its stake in Annaly Capital Management by 3.3% in the 2nd 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 during the period. Quadcap Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 2.3% in the first 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 during the last quarter. Fourth Dimension Wealth LLC increased its holdings in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. GWN Securities Inc. raised its position in shares of Annaly Capital Management by 5.0% in the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 514 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Annaly Capital Management by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust's stock valued at $794,000 after purchasing an additional 524 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NLY. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 17th. Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Piper Sandler boosted their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Wells Fargo & Company decreased their target price on Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. One investment 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.33.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $22.75 on Wednesday. The firm has a 50-day moving average of $22.90 and a 200-day moving average of $22.38. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The stock has a market cap of $17.15 billion, a PE ratio of 5.70, a PEG ratio of 1.79 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts' consensus estimates 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. Equities research analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Profile

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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