Swiss National Bank Buys 60,500 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Swiss National Bank increased its stake in Annaly Capital Management by 4.0%, acquiring an additional 60,500 shares, bringing its total ownership to approximately 1.58 million shares valued at $32.1 million.
• Annaly Capital Management reported $0.73 earnings per share (EPS) for the last quarter, beating estimates, and had a revenue of $273.2 million, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.70 per share, translating to a 13.7% yield for shareholders, but has a high dividend payout ratio of 277.23%.

Swiss National Bank lifted its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,580,900 shares of the real estate investment trust's stock after purchasing an additional 60,500 shares during the quarter. Swiss National Bank owned 0.26% of Annaly Capital Management worth $32,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayesian Capital Management LP acquired a new stake in Annaly Capital Management during the 4th quarter worth about $730,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $4,448,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Annaly Capital Management by 9.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 459,935 shares of the real estate investment trust's stock valued at $8,417,000 after buying an additional 40,963 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $5,806,000. Finally, Diversified Trust Co acquired a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $466,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NLY. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Piper Sandler cut their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Price Performance

NLY stock traded up $0.02 during trading on Friday, hitting $20.85. The company had a trading volume of 2,327,348 shares, compared to its average volume of 7,746,183. The company has a fifty day moving average price of $19.83 and a two-hundred day moving average price of $19.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.38 billion, a P/E ratio of 20.65, a P/E/G ratio of 4.94 and a beta of 1.20. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11.

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 analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal 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 dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. Annaly Capital Management's payout ratio is presently 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.