Townsquare Capital LLC Acquires 31,393 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Townsquare Capital LLC increased its stake in Annaly Capital Management by 54.1% in Q1, holding shares worth approximately $1.82 million by the end of the quarter.
• The company recently reported $0.73 earnings per share, surpassing analysts' estimates, with a revenue of $273.2 million for the quarter.
• Annaly Capital Management has announced a quarterly dividend of $0.70 per share, which translates to an annualized yield of 13.6%.

Townsquare Capital LLC raised its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 54.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 89,464 shares of the real estate investment trust's stock after purchasing an additional 31,393 shares during the quarter. Townsquare Capital LLC's holdings in Annaly Capital Management were worth $1,817,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Forsta AP Fonden increased its stake in shares of Annaly Capital Management by 23.9% in the first quarter. Forsta AP Fonden now owns 340,200 shares of the real estate investment trust's stock worth $6,909,000 after buying an additional 65,700 shares during the period. Citigroup Inc. raised its stake in shares of Annaly Capital Management by 99.9% during the first quarter. Citigroup Inc. now owns 533,158 shares of the real estate investment trust's stock valued at $10,828,000 after acquiring an additional 266,389 shares during the last quarter. Swiss National Bank raised its stake in shares of Annaly Capital Management by 4.0% during the first quarter. Swiss National Bank now owns 1,580,900 shares of the real estate investment trust's stock valued at $32,108,000 after acquiring an additional 60,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Annaly Capital Management by 15.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 441,575 shares of the real estate investment trust's stock worth $8,968,000 after purchasing an additional 57,929 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Annaly Capital Management by 7.3% in the first quarter. Deutsche Bank AG now owns 1,175,850 shares of the real estate investment trust's stock worth $23,882,000 after purchasing an additional 79,687 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock remained flat at $20.83 on Friday. The company's stock had a trading volume of 5,942,950 shares, compared to its average volume of 6,554,946. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 4.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day moving average of $19.87 and a two-hundred day moving average of $19.93.

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. 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 business 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is currently 277.23%.

Wall Street Analysts Forecast Growth

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

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.