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

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 478,667 shares of the real estate investment trust’s stock after purchasing an additional 36,000 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Annaly Capital Management were worth $10,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC boosted its stake 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 buying an additional 500 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter valued at about $29,000. Root Financial Partners LLC raised its stake in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,136 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY opened at $23.33 on Friday. The company’s 50-day simple moving average is $22.61 and its 200-day simple moving average is $22.40. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The stock has a market capitalization of $17.58 billion, a PE ratio of 5.85, a P/E/G ratio of 6.09 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. On average, sell-side analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 12.9%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is 75.19%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Wells Fargo & Company decreased their price target on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $24.33.

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.