Mitsubishi UFJ Asset Management Co. Ltd. Buys 157,375 Shares of Annaly Capital Management Inc $NLY

Key Points

• Mitsubishi UFJ Asset Management increased its Annaly Capital Management stake by 22.2%, buying 157,375 shares to own 865,318 shares valued at approximately $19.35 million. Institutional investors hold 51.56% of NLY’s outstanding stock.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $24.33 price target; targets range from $23.00 to $25.00.
• Annaly reported quarterly earnings of $0.79 per share, exceeding estimates of $0.75, and raised its quarterly dividend to $0.75 per share—an annualized yield of about 12.8%.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 865,318 shares of the real estate investment trust's stock after purchasing an additional 157,375 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Annaly Capital Management worth $19,349,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Fourth Dimension Wealth LLC increased its position in shares of Annaly Capital Management by 76.9% during 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 buying an additional 500 shares during the period. Root Financial Partners LLC lifted its holdings in Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust's stock worth $28,000 after buying an additional 1,136 shares during the period. Camelot Portfolios LLC bought a new stake in Annaly Capital Management during the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management during the 4th quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,178 shares during the period. Institutional investors own 51.56% of the company's stock.

Analysts Set New Price Targets

NLY has been the subject of several research reports. Piper Sandler increased their target price on Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. UBS Group reiterated a "neutral" rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Wells Fargo & Company lowered their price objective on Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.33.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $23.36 on Friday. The company has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $22.37. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 6.20 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. On average, analysts forecast that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 12.8%. Annaly Capital Management's dividend payout ratio (DPR) is presently 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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