Annaly Capital Management Inc $NLY Stock Acquired by Columbus Macro LLC

Columbus Macro LLC grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 607,136 shares of the real estate investment trust’s stock after purchasing an additional 35,633 shares during the quarter. Annaly Capital Management makes up about 1.1% of Columbus Macro LLC’s portfolio, making the stock its 21st largest holding. Columbus Macro LLC’s holdings in Annaly Capital Management were worth $11,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of Annaly Capital Management by 215.8% during the second quarter. Hsbc Holdings PLC now owns 858,481 shares of the real estate investment trust’s stock worth $19,288,000 after purchasing an additional 586,611 shares in the last quarter. Andra AP fonden raised its stake in Annaly Capital Management by 5,304.6% during the second quarter. Andra AP fonden now owns 262,393 shares of the real estate investment trust’s stock valued at $5,867,000 after purchasing an additional 257,538 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Annaly Capital Management by 72.1% in the 1st quarter. Renaissance Technologies LLC now owns 448,222 shares of the real estate investment trust’s stock valued at $9,480,000 after acquiring an additional 187,707 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Annaly Capital Management by 25.1% in the 2nd quarter. TD Asset Management Inc now owns 519,768 shares of the real estate investment trust’s stock valued at $11,622,000 after purchasing an additional 104,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Annaly Capital Management in the second quarter worth $4,677,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY traded down $0.02 during mid-day trading on Wednesday, hitting $18.14. 10,312,176 shares of the company were exchanged, compared to its average volume of 8,301,789. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a 50 day moving average of $21.58 and a 200-day moving average of $21.98. Annaly Capital Management Inc has a 1-year low of $17.76 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. Research analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 16.5%. The ex-dividend date is Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NLY. Wells Fargo & Company dropped their price objective on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. BTIG Research set a $21.00 price objective on shares of Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Piper Sandler cut their price target on shares of Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. Finally, Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.61.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is focused on generating income from investments in agency mortgage-backed securities, which are guaranteed by a U.S. government-sponsored enterprise or government agency.

In addition to agency securities, Annaly invests in residential credit assets, including non-agency mortgage-backed securities and other residential loans.