Nykredit A S Makes New $7.53 Million Investment in Annaly Capital Management Inc $NLY

Key Points

• Nykredit A/S acquired 336,860 shares of Annaly Capital Management in the second quarter, valued at approximately $7.53 million. Institutional investors collectively own 51.56% of the company.
• Annaly reported quarterly EPS of $0.79, beating the $0.75 consensus estimate, on revenue of $1.82 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $24.33.
• The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 14.1% yield, with a 75.19% payout ratio.

Nykredit A S acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 336,860 shares of the real estate investment trust's stock, valued at approximately $7,532,000.

Several other large investors also recently made changes to their positions in NLY. Legal & General Group Plc raised its holdings in Annaly Capital Management by 3.9% during the 4th quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust's stock worth $44,379,000 after purchasing an additional 74,074 shares during the last quarter. Norges Bank acquired a new position in Annaly Capital Management in the fourth quarter valued at approximately $162,477,000. Renaissance Technologies LLC grew its holdings in Annaly Capital Management by 72.1% during the 1st quarter. Renaissance Technologies LLC now owns 448,222 shares of the real estate investment trust's stock worth $9,480,000 after acquiring an additional 187,707 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Annaly Capital Management during the 2nd quarter valued at $4,677,000. Finally, TD Asset Management Inc lifted its stake in shares of Annaly Capital Management by 25.1% in the 2nd quarter. TD Asset Management Inc now owns 519,768 shares of the real estate investment trust's stock valued at $11,622,000 after purchasing an additional 104,400 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $21.33 on Tuesday. The company has a market capitalization of $16.08 billion, a P/E ratio of 5.35, a P/E/G ratio of 1.65 and a beta of 1.16. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The business's 50 day simple moving average is $22.72 and its 200 day simple moving average is $22.29.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is 75.19%.

Analyst Upgrades and Downgrades

Several analysts have commented on NLY shares. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Annaly Capital Management in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.

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