Russell Investments Group Ltd. Grows Position in Annaly Capital Management Inc $NLY

Russell Investments Group Ltd. raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,681,567 shares of the real estate investment trust’s stock after purchasing an additional 82,731 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Annaly Capital Management worth $37,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HUB Investment Partners LLC lifted its stake in shares of Annaly Capital Management by 3.3% during the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 462 shares during the period. Koshinski Asset Management Inc. increased its position in shares of Annaly Capital Management by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 463 shares during the period. Quadcap Wealth Management LLC increased its position in shares of Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 495 shares during the period. Fourth Dimension Wealth LLC raised its stake in 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 worth $26,000 after acquiring an additional 500 shares during the last quarter. Finally, GWN Securities Inc. lifted its position in Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 514 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the topic of several research analyst reports. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, Wells Fargo & Company cut their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Stock Performance

NLY opened at $23.33 on Friday. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The company has a fifty day moving average of $22.61 and a two-hundred day moving average of $22.40. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 6.09 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. On average, equities research analysts forecast 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. Investors of record on Tuesday, June 30th were paid a $0.75 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend 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 (DPR) is presently 75.19%.

About Annaly Capital Management

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.