TD Asset Management Inc Buys 18,121 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• TD Asset Management Inc increased its stake in Annaly Capital Management by 12.2% during the first quarter, owning a total of 166,388 shares including 18,121 newly acquired shares.
• Annaly Capital Management announced a quarterly dividend of $0.70, resulting in a 13.7% yield, though it has a high dividend payout ratio of 277.23%.
• Analysts have a consensus rating of "Moderate Buy" for Annaly Capital Management, with a price target range between $19.00 and $21.50 as per recent reports from UBS and Keefe, Bruyette & Woods.

TD Asset Management Inc increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,388 shares of the real estate investment trust's stock after acquiring an additional 18,121 shares during the period. TD Asset Management Inc's holdings in Annaly Capital Management were worth $3,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Inlight Wealth Management LLC acquired a new position in shares of Annaly Capital Management in the first quarter worth about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management in the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Annaly Capital Management in the first quarter worth about $36,000. MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Annaly Capital Management in the fourth quarter worth about $39,000. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NLY has been the subject of several recent analyst reports. Piper Sandler decreased 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. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. 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 report on Friday, July 25th. Finally, Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.72.

Annaly Capital Management Stock Up 0.8%

NYSE NLY traded up $0.17 during trading on Friday, reaching $20.50. The company's stock had a trading volume of 6,641,195 shares, compared to its average volume of 6,820,379. 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 stock has a market capitalization of $13.16 billion, a PE ratio of 20.30, a PEG ratio of 4.90 and a beta of 1.20. The business has a 50-day moving average price of $19.52 and a 200-day moving average price of $19.86. 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 earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during 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%. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.7%. Annaly Capital Management's dividend payout ratio (DPR) is currently 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.