QRG Capital Management Inc. Increases Holdings in Annaly Capital Management Inc $NLY

Key Points

• QRG Capital Management increased its Annaly Capital Management stake by 45.3% in the second quarter, adding 174,810 shares for a total of 561,069 shares valued at approximately $12.5 million. Institutional investors collectively own 51.56% of NLY.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $24.33, despite some analysts lowering their targets to $24.
• Annaly shares opened at $21.02, while the company reported quarterly EPS of $0.79, exceeding estimates of $0.75. It also declared a quarterly dividend of $0.75 per share, representing a 14.3% annualized yield.

QRG Capital Management Inc. increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 45.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,069 shares of the real estate investment trust's stock after acquiring an additional 174,810 shares during the period. QRG Capital Management Inc. owned approximately 0.07% of Annaly Capital Management worth $12,545,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at $162,477,000. BlackRock Inc. raised its stake in shares of Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust's stock valued at $1,950,230,000 after acquiring an additional 5,485,296 shares in the last quarter. KBC Group NV boosted its holdings in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust's stock valued at $105,243,000 after purchasing an additional 1,525,251 shares during the period. Geode Capital Management LLC boosted its holdings in Annaly Capital Management by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust's stock valued at $411,031,000 after purchasing an additional 1,503,559 shares during the period. Finally, State Street Corp grew its stake in Annaly Capital Management by 4.5% during the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust's stock worth $679,468,000 after purchasing an additional 1,272,235 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NLY shares. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 17th. 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 research report on Thursday, July 2nd. Royal Bank Of Canada restated an "outperform" rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Wells Fargo & Company dropped their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $24.33.

Annaly Capital Management Stock Down 2.0%

Annaly Capital Management stock opened at $21.02 on Thursday. The company has a 50 day moving average of $22.65 and a 200-day moving average of $22.26. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The stock has a market capitalization of $15.84 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16.

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

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 14.3%. Annaly Capital Management's dividend payout ratio is presently 75.19%.

Annaly Capital Management 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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