Sumitomo Mitsui DS Asset Management Company Ltd Has $1.67 Million Stock Position in Annaly Capital Management Inc $NLY

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 55.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 74,874 shares of the real estate investment trust’s stock after buying an additional 26,671 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Annaly Capital Management were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Global Investments increased its position in shares of Annaly Capital Management by 332.3% in the third quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 45,966 shares during the last quarter. Mediolanum International Funds Ltd increased its position in shares of Annaly Capital Management by 13.2% in the third quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock valued at $10,947,000 after acquiring an additional 60,814 shares during the last quarter. AIA Group Ltd increased its position in Annaly Capital Management by 124.8% during the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after buying an additional 88,341 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Annaly Capital Management by 73.9% during the third quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock worth $5,680,000 after buying an additional 114,946 shares during the last quarter. Finally, Dupree Financial Group LLC increased its position in Annaly Capital Management by 49.2% during the third quarter. Dupree Financial Group LLC now owns 470,508 shares of the real estate investment trust’s stock worth $9,509,000 after buying an additional 155,061 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.0%

Shares of NYSE NLY opened at $22.61 on Friday. Annaly Capital Management Inc has a twelve month low of $18.43 and a twelve month high of $24.52. The company has a market cap of $16.56 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 6.90 and a beta of 1.20. The business’s 50 day moving average price is $22.17 and its two-hundred day moving average price is $22.43.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. As a group, research analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.4%. Annaly Capital Management’s dividend payout ratio is presently 94.59%.

Insider Activity at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,252 shares of company stock worth $1,639,995 in the last ninety days. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company reissued an “overweight” rating and set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Royal Bank Of Canada boosted their price target on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler lowered their price target on 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. Finally, Argus raised Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus 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.