Annaly Capital Management Inc (NYSE:NLY) Stock Holdings Lifted by Sei Investments Co.

Key Points

• Sei Investments Co. increased its holdings in Annaly Capital Management by 4.1% during the first quarter, now owning approximately 1,294,861 shares valued at $23.98 million.
• Several large investors, including Inlight Wealth Management and Financial Gravity Asset Management, also made new stakes in Annaly, highlighting increased institutional interest with 51.56% of the stock now owned by institutional investors.
• Analysts have set a consensus price target of $20.72 for Annaly Capital Management, with varying ratings on the stock, indicating a mixed outlook among experts.

Sei Investments Co. boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,294,861 shares of the real estate investment trust's stock after buying an additional 50,787 shares during the quarter. Sei Investments Co. owned 0.22% of Annaly Capital Management worth $23,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in Annaly Capital Management during the first quarter worth about $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $28,000. MCF Advisors LLC lifted its stake 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 period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth $39,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group reissued a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Royal Bank Of Canada reduced their price target 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. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Piper Sandler reduced their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Performance

NYSE:NLY remained flat at $20.83 during mid-day trading on Friday. 5,942,950 shares of the company traded hands, compared to its average volume of 6,554,946. The stock has a market capitalization 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. The stock's 50 day moving average is $19.87 and its 200 day moving average is $19.94. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. 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 (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 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, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

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.