VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in Annaly Capital Management Inc $NLY

Key Points

• Virginia Retirement Systems acquired 248,000 shares of Annaly Capital Management during the second quarter, valued at approximately $5.5 million. Institutional investors and hedge funds collectively own 51.56% of the company.
• Annaly reported quarterly EPS of $0.79, exceeding analysts’ $0.75 consensus estimate, while revenue reached $1.82 billion versus expectations of $639.8 million.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.33, compared with its reported opening price of $22.75.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 248,000 shares of the real estate investment trust's stock, valued at approximately $5,545,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HUB Investment Partners LLC raised its position in shares of Annaly Capital Management by 3.3% in the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust's stock valued at $328,000 after buying an additional 462 shares during the last quarter. Quadcap Wealth Management LLC boosted its position in Annaly Capital Management by 2.3% during the first quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust's stock worth $463,000 after acquiring an additional 495 shares during the last quarter. Fourth Dimension Wealth LLC boosted its position in Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 500 shares during the last quarter. GWN Securities Inc. grew its stake in Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust's stock valued at $242,000 after acquiring an additional 514 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust's stock valued at $794,000 after acquiring an additional 524 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $22.75 on Wednesday. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 1.79 and a beta of 1.16. The company's 50-day moving average is $22.90 and its two-hundred day moving average is $22.38. Annaly Capital Management Inc has a 1-year low of $20.00 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NLY. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, July 2nd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research report on Wednesday, June 17th. Wells Fargo & Company cut their price target on Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

Annaly Capital Management Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.