Russell Investments Group Ltd. Purchases 315,331 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Russell Investments Group Ltd. increased its stake in Annaly Capital Management by 26.3%, acquiring an additional 315,331 shares during the first quarter, bringing its total ownership to 1,516,416 shares valued at approximately $30.8 million.
• Annaly Capital Management reported a quarterly EPS of $0.73, exceeding analyst expectations, alongside a revenue of $273.20 million, above the forecast of $237 million.
• The company declared a quarterly dividend of $0.70 per share, resulting in an annualized yield of 13.4%, although its payout ratio stands at a high 277.23%.

Russell Investments Group Ltd. boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 26.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,516,416 shares of the real estate investment trust's stock after acquiring an additional 315,331 shares during the period. Russell Investments Group Ltd. owned 0.25% of Annaly Capital Management worth $30,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in Annaly Capital Management during the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $36,000. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,598 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $39,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY stock opened at $20.83 on Friday. The firm has a fifty day moving average price of $19.87 and a 200 day moving average price of $19.93. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $13.37 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 4.94 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is presently 277.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods lifted 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. UBS Group reiterated a "neutral" rating and set a $20.00 price objective (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Royal Bank Of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Finally, 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 report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.72.

About Annaly Capital Management

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.