Rakuten Investment Management Inc. Makes New $968,000 Investment in Annaly Capital Management Inc $NLY

Rakuten Investment Management Inc. bought a new position in Annaly Capital Management Inc (NYSE:NLY) in the 3rd quarter, HoldingsChannel reports. The fund bought 47,645 shares of the real estate investment trust’s stock, valued at approximately $968,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after buying an additional 5,485,296 shares in the last quarter. State Street Corp lifted its stake in Annaly Capital Management by 4.5% in the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after acquiring an additional 1,272,235 shares in the last quarter. KBC Group NV lifted its stake in Annaly Capital Management by 44.2% in the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock worth $105,243,000 after acquiring an additional 1,525,251 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Annaly Capital Management by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock worth $104,961,000 after acquiring an additional 248,335 shares in the last quarter. Finally, Amundi boosted its position in Annaly Capital Management by 35.2% during the 1st quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock worth $71,090,000 after acquiring an additional 875,331 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.7%

Annaly Capital Management stock opened at $18.73 on Friday. Annaly Capital Management Inc has a 12 month low of $17.70 and a 12 month high of $24.52. The stock has a market cap of $14.75 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.43 and a beta of 1.24. The company’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $21.83.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $637.41 million. On average, equities research analysts expect that Annaly Capital Management Inc will post 3.13 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 16.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 209.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on NLY shares. Piper Sandler decreased their price objective on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a research report on Friday, October 9th. Barclays set a $21.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Royal Bank Of Canada set a $21.00 price target on shares of Annaly Capital Management and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company set a $22.00 price target on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Thursday, October 22nd. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.67.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights.

The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.

Founded in 1997, Annaly focuses primarily on the U.S.