Natixis Advisors LLC Grows Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Natixis Advisors LLC increased its stake in Annaly Capital Management by 50.2%, acquiring an additional 23,288 shares, bringing its total holdings to 69,679 shares valued at approximately $1.415 million.
• Several institutional investors significantly boosted their shares in Annaly Capital Management during the fourth quarter, including a 90.6% increase by Northern Trust Corp and a 135.6% increase by Wellington Management Group LLP.
• Annaly Capital Management recently declared a quarterly dividend of $0.70 per share, resulting in a strong annualized dividend yield of 13.6% despite a high payout ratio of 277.23%.

Natixis Advisors LLC grew its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 50.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,679 shares of the real estate investment trust's stock after purchasing an additional 23,288 shares during the quarter. Natixis Advisors LLC's holdings in Annaly Capital Management were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NLY. Jupiter Wealth Management LLC boosted its holdings in Annaly Capital Management by 3.4% during the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 492 shares during the period. International Assets Investment Management LLC boosted its holdings in Annaly Capital Management by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock valued at $472,000 after acquiring an additional 725 shares during the period. Bessemer Group Inc. lifted its holdings in Annaly Capital Management by 11.7% in the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after buying an additional 811 shares during the period. United Advisor Group LLC grew its position in shares of Annaly Capital Management by 1.5% in the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 847 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Annaly Capital Management by 12.7% in the 1st quarter. IFP Advisors Inc now owns 7,576 shares of the real estate investment trust's stock worth $154,000 after buying an additional 855 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NLY has been the topic of several research reports. Jones Trading reaffirmed a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Stock Up 0.6%

Shares of NLY stock traded up $0.13 on Wednesday, reaching $20.73. 1,938,157 shares of the stock were exchanged, compared to its average volume of 7,767,867. The business's 50 day moving average price is $19.76 and its 200 day moving average price is $19.91. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 4.84 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 13.5%. Annaly Capital Management's dividend payout ratio is currently 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.