1,850,300 Shares in Annaly Capital Management Inc $NLY Acquired by Nuveen LLC

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

Several other large investors have also recently bought and sold shares of NLY. Price T Rowe Associates Inc. MD grew its position in shares of Annaly Capital Management by 31.6% in the 4th 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 acquiring an additional 8,272,674 shares during the period. Northern Trust Corp lifted its stake in Annaly Capital Management by 90.6% in the 4th 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 last quarter. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Annaly Capital Management by 18.3% during 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 worth $86,217,000 after buying an additional 730,207 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Annaly Capital Management by 135.6% in the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock valued at $23,157,000 after buying an additional 728,307 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded up $0.1050 during midday trading on Wednesday, hitting $20.8450. The company's stock had a trading volume of 2,864,081 shares, compared to its average volume of 7,721,820. The firm has a market cap of $13.38 billion, a P/E ratio of 20.64, a P/E/G ratio of 4.89 and a beta of 1.20. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.11. The firm's fifty day moving average price is $19.93 and its 200-day moving average price is $19.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio is 277.23%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Jones Trading reissued a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Piper Sandler cut their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, UBS Group reissued a "neutral" rating and issued a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Company 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.