Teacher Retirement System of Texas Acquires Shares of 81,741 Annaly Capital Management Inc (NYSE:NLY)

Teacher Retirement System of Texas purchased a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 81,741 shares of the real estate investment trust's stock, valued at approximately $1,660,000.

A number of other hedge funds have also modified their holdings of NLY. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter valued at approximately $25,000. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter valued at approximately $36,000. Larson Financial Group LLC boosted its holdings in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 549 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $39,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 1.0%

Shares of NLY traded down $0.20 during midday trading on Tuesday, reaching $19.46. 6,830,268 shares of the stock were exchanged, compared to its average volume of 6,878,651. Annaly Capital Management Inc has a twelve month low of $16.60 and a twelve month high of $22.11. The company has a market cap of $11.63 billion, a P/E ratio of 21.86, a PEG ratio of 4.34 and a beta of 1.22. The stock's 50 day simple moving average is $19.25 and its 200 day simple moving average is $19.68.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. The company had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. As a group, analysts predict 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 will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.39%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's payout ratio is 314.61%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NLY. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Royal Bank Of Canada cut their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Finally, Piper Sandler cut 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management 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.