Vanguard Group Inc. raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,791,029 shares of the real estate investment trust’s stock after purchasing an additional 1,007,503 shares during the period. Vanguard Group Inc. owned about 0.09% of Annaly Capital Management worth $1,108,143,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NLY. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Annaly Capital Management by 1,615.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,118,883 shares of the real estate investment trust’s stock worth $36,576,000 after buying an additional 3,878,792 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Annaly Capital Management by 1,513.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 4,094,857 shares of the real estate investment trust’s stock worth $36,362,000 after acquiring an additional 3,841,128 shares during the period. Legal & General Group Plc increased its stake in Annaly Capital Management by 33.2% in the 2nd quarter. Legal & General Group Plc now owns 10,779,519 shares of the real estate investment trust’s stock worth $95,722,000 after purchasing an additional 2,688,642 shares in the last quarter. AMF Pensionsforsakring AB purchased a new position in Annaly Capital Management during the 2nd quarter valued at about $21,137,000. Finally, Citigroup Inc. lifted its holdings in shares of Annaly Capital Management by 125.3% during the 2nd quarter. Citigroup Inc. now owns 4,149,959 shares of the real estate investment trust’s stock valued at $36,851,000 after buying an additional 2,308,359 shares during the last quarter. Institutional investors own 42.40% of the company’s stock.
Several brokerages have recently issued reports on NLY. TheStreet lowered Annaly Capital Management from a “b-” rating to a “c” rating in a research note on Thursday, July 29th. JMP Securities decreased their price target on Annaly Capital Management from $10.00 to $9.25 and set a “market outperform” rating for the company in a research note on Friday, July 30th. Finally, Piper Sandler cut Annaly Capital Management from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $8.50 in a research report on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Hold” and a consensus price target of $9.03.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, July 27th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. Annaly Capital Management had a net margin of 149.66% and a return on equity of 14.28%. During the same period in the previous year, the company posted $0.27 EPS. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 1.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Thursday, September 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.32%. Annaly Capital Management’s dividend payout ratio is currently 80.00%.
About Annaly Capital Management
Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.
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