Nuveen LLC Invests $37.58 Million in Annaly Capital Management Inc $NLY

Key Points

• Nuveen LLC purchased 1,850,300 shares of Annaly Capital Management valued at approximately $37.58 million, representing about 0.31% ownership of the company.
• Several institutional investors are buying shares in Annaly Capital Management, with notable stakes purchased by Inlight Wealth Management, Financial Gravity Asset Management, and MCF Advisors.
• Analysts expressed positive outlooks with a majority rating the stock as a "buy" and setting average target prices between $20.00 and $21.50, reflecting a generally optimistic sentiment towards the company's growth potential.

Nuveen LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,850,300 shares of the real estate investment trust's stock, valued at approximately $37,580,000. Nuveen LLC owned 0.31% of Annaly Capital Management as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in NLY. Vanguard Group Inc. lifted its position in Annaly Capital Management by 3.0% in the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the period. Northern Trust Corp lifted its position in Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after purchasing an additional 3,606,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Annaly Capital Management by 18.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock valued at $86,217,000 after purchasing an additional 730,207 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Annaly Capital Management by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock valued at $83,382,000 after purchasing an additional 64,513 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded down $0.3730 during mid-day trading on Thursday, reaching $20.5370. The company had a trading volume of 5,542,686 shares, compared to its average volume of 6,176,858. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $13.19 billion, a P/E ratio of 20.33, a P/E/G ratio of 4.96 and a beta of 1.20. The stock's 50-day simple moving average is $19.98 and its 200-day simple moving average is $19.95.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. On average, equities analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.6%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Analyst Ratings Changes

A number of equities research analysts recently commented on NLY shares. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Jones Trading restated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. UBS Group restated a "neutral" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Annaly Capital Management has a consensus rating of "Moderate Buy" and an average target price of $20.72.

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.