Shell Asset Management Co. Has $1.33 Million Holdings in Annaly Capital Management Inc $NLY

Key Points

• Shell Asset Management Co. increased its holdings in Annaly Capital Management by 120.9%, owning 70,589 shares worth approximately $1.33 million by the end of the second quarter.
• Annaly Capital Management reported earnings of $0.73 EPS, surpassing estimates, and declared a quarterly dividend of $0.70 per share with a dividend yield of 13.4%.
• Institutional investors now own 51.56% of Annaly Capital Management's stock, which has a market capitalization of $13.41 billion and is currently trading at around $20.88 per share.

Shell Asset Management Co. increased its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 120.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,589 shares of the real estate investment trust's stock after acquiring an additional 38,633 shares during the period. Shell Asset Management Co.'s holdings in Annaly Capital Management were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NLY. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter worth about $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management in the 1st quarter worth about $28,000. Twin Tree Management LP acquired a new stake in shares of Annaly Capital Management in the 1st quarter worth about $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter worth about $36,000. Finally, MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,598 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Trading Down 0.3%

Shares of NLY stock opened at $20.88 on Friday. The company has a 50 day moving average of $21.09 and a 200-day moving average of $19.92. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The firm has a market cap of $13.41 billion, a P/E ratio of 20.67, a PEG ratio of 4.97 and a beta of 1.25.

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

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

Wall Street Analyst Weigh In

Several research firms have commented on NLY. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a "cautious" rating in a research note on Monday. UBS Group lifted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their target price 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. Piper Sandler set a $22.50 target price on shares of Annaly Capital Management and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Hold" and an average target price of $21.13.

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.

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