Annaly Capital Management Inc $NLY Stock Holdings Lifted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 23.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 236,839 shares of the real estate investment trust’s stock after acquiring an additional 45,001 shares during the period. Rockefeller Capital Management L.P.’s holdings in Annaly Capital Management were worth $5,311,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NLY. Norges Bank acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $108,623,000 after purchasing an additional 4,286,893 shares during the period. Vanguard Group Inc. increased its stake in Annaly Capital Management by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Annaly Capital Management in the 4th quarter worth about $63,699,000. Finally, Goldman Sachs Group Inc. raised its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after buying an additional 2,607,784 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 1.6%

NYSE NLY opened at $22.92 on Friday. The stock has a market capitalization of $16.79 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 6.89 and a beta of 1.17. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52. The company has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $22.45.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results 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. The company had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.1%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is 94.59%.

Wall Street Analyst Weigh In

NLY has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler cut their price target on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. One 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, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.11.

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.