United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Annaly Capital Management Inc $NLY

Key Points

• United Super Pty Ltd opened a new position in Annaly Capital Management during the fourth quarter, buying 375,367 shares valued at about $8.39 million. The stake represented roughly 0.05% of the REIT.
• Other large institutions also added to their NLY holdings, including Vanguard, State Street, Geode Capital, Northern Trust, and UBS AM, with institutional investors now owning 51.56% of the company.
• Annaly Capital Management reported quarterly EPS of $0.76, beating analyst estimates, and it recently paid a $0.70 per share quarterly dividend, implying an annualized yield of about 13.0%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 375,367 shares of the real estate investment trust's stock, valued at approximately $8,393,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.05% of Annaly Capital Management as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust's stock worth $1,422,401,000 after buying an additional 3,024,564 shares in the last quarter. State Street Corp increased its holdings in shares of Annaly Capital Management by 7.4% in the 3rd quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust's stock valued at $508,920,000 after acquiring an additional 1,687,839 shares during the period. Geode Capital Management LLC increased its holdings in shares of Annaly Capital Management by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust's stock valued at $411,031,000 after acquiring an additional 1,503,559 shares during the period. Northern Trust Corp raised its position in shares of Annaly Capital Management by 1.1% in the 3rd quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust's stock worth $133,475,000 after acquiring an additional 70,262 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Annaly Capital Management by 394.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust's stock worth $108,623,000 after acquiring an additional 4,286,893 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 0.3%

NYSE:NLY opened at $21.60 on Friday. Annaly Capital Management Inc has a 12 month low of $18.58 and a 12 month high of $24.52. The firm has a fifty day simple moving average of $21.92 and a 200-day simple moving average of $22.49. The company has a market capitalization of $15.82 billion, a P/E ratio of 7.30, a PEG ratio of 6.61 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Equities analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.0%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management's payout ratio is presently 94.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NLY. Argus raised Annaly Capital Management to a "strong-buy" rating in a research report on Thursday, February 5th. Barclays set a $24.00 price objective on Annaly Capital Management and gave the company an "equal weight" rating in a research report on Friday, January 30th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Wall Street Zen raised Annaly Capital Management from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Piper Sandler cut their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.22.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

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