VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Annaly Capital Management Inc $NLY

Key Points

• Virginia Retirement Systems ET Al has made a new investment in Annaly Capital Management, acquiring 84,500 shares valued at approximately $1,590,000 in the second quarter.
• Annaly Capital Management has seen significant interest from institutional investors, with Goldman Sachs increasing holdings by 833.6% and Vanguard Group owning over $1.14 billion worth of shares.
• The company's recent quarterly earnings exceeded expectations, reporting an EPS of $0.73 against an estimate of $0.72, and it also announced a quarterly dividend of $0.70.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 84,500 shares of the real estate investment trust's stock, valued at approximately $1,590,000.

A number of other institutional investors have also added to or reduced their stakes in NLY. Kingstone Capital Partners Texas LLC bought a new position in Annaly Capital Management in the second quarter worth $100,216,000. Goldman Sachs Group Inc. raised its holdings in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Nuveen LLC bought a new position in Annaly Capital Management in the first quarter worth $37,580,000. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 3.0% in the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in Annaly Capital Management in the first quarter worth $16,500,000. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NLY. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank Of Canada raised their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. UBS Group raised their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.50.

Annaly Capital Management Trading Up 1.1%

Annaly Capital Management stock opened at $21.29 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The stock has a market capitalization of $13.67 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 4.98 and a beta of 1.25. The business's fifty day moving average is $21.13 and its 200 day moving average is $19.95.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $885.58 million for the quarter, compared to analysts' expectations of $493.55 million. On average, sell-side analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

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.

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