New York State Teachers Retirement System Grows Stock Position in Annaly Capital Management Inc $NLY

Key Points

• The New York State Teachers Retirement System increased its stake in Annaly Capital Management by 16.5%, owning approximately 508,519 shares valued at $9.57 million as of the latest SEC filing.
• Annaly Capital Management reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' expectations of $0.72, and had a revenue of $273.20 million, outpacing the estimate of $237 million.
• The company announced a quarterly dividend of $0.70, yielding 13.5%, with the dividend payout ratio reported at 277.23%.

New York State Teachers Retirement System grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 16.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 508,519 shares of the real estate investment trust's stock after purchasing an additional 71,944 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Annaly Capital Management worth $9,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $466,000. Bessemer Group Inc. increased 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 acquiring an additional 811 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Annaly Capital Management by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock worth $77,356,000 after acquiring an additional 196,489 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Annaly Capital Management by 8.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust's stock worth $7,464,000 after acquiring an additional 28,570 shares in the last quarter. Finally, Wealthstar Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $593,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $20.77 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The stock's 50 day simple moving average is $21.09 and its two-hundred day simple moving average is $19.92. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 4.93 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Analysts Set New Price Targets

Several research firms recently issued reports on NLY. Jones Trading reissued a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a "cautious" rating in a research report on Monday, October 6th. Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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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