Annaly Capital Management Inc $NLY Shares Acquired by Russell Investments Group Ltd.

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. lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 26.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,516,416 shares of the real estate investment trust's stock after purchasing an additional 315,331 shares during the quarter. Russell Investments Group Ltd. owned about 0.25% of Annaly Capital Management worth $30,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in 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 worth $630,007,000 after acquiring an additional 8,272,674 shares during the period. Northern Trust Corp boosted its holdings 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 worth $138,853,000 after acquiring an additional 3,606,366 shares during the period. Nuveen LLC purchased a new position in Annaly Capital Management in the 1st quarter worth approximately $37,580,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after acquiring an additional 1,634,883 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Annaly Capital Management by 18.3% in the 4th 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 acquiring an additional 730,207 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 1.8%

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

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio is currently 277.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group restated a "neutral" rating and issued a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Piper Sandler decreased their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada cut their target price on 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. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.