Annaly Capital Management Inc $NLY Shares Acquired by Legal & General Group Plc

Legal & General Group Plc increased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,984,768 shares of the real estate investment trust’s stock after buying an additional 74,074 shares during the period. Legal & General Group Plc’s holdings in Annaly Capital Management were worth $44,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC increased its holdings in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at $29,000. TD Private Client Wealth LLC increased 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 valued at $34,000 after acquiring an additional 1,178 shares during the period. MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 496 shares during the period. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Annaly Capital Management by 273.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,367 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.85 on Friday. The firm’s fifty day moving average price is $21.92 and its 200 day moving average price is $22.49. Annaly Capital Management Inc has a 1-year low of $18.58 and a 1-year high of $24.52. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 6.67 and a beta of 1.20.

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

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Piper Sandler cut their target price 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. JonesTrading reaffirmed a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.22.

Annaly Capital Management Company 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.