Annaly Capital Management Inc (NYSE:NLY) Stock Holdings Boosted by TD Asset Management Inc

TD Asset Management Inc lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 166,388 shares of the real estate investment trust’s stock after acquiring an additional 18,121 shares during the quarter. TD Asset Management Inc’s holdings in Annaly Capital Management were worth $3,379,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NLY. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Annaly Capital Management by 46.7% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 164,779 shares of the real estate investment trust’s stock valued at $3,347,000 after purchasing an additional 52,440 shares in the last quarter. ShoreHaven Wealth Partners LLC raised its holdings in Annaly Capital Management by 70.0% during the first quarter. ShoreHaven Wealth Partners LLC now owns 17,000 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 7,000 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Annaly Capital Management by 10.9% during the first quarter. Avantax Advisory Services Inc. now owns 51,124 shares of the real estate investment trust’s stock valued at $1,038,000 after buying an additional 5,022 shares in the last quarter. Brookwood Investment Group LLC bought a new position in Annaly Capital Management during the first quarter valued at about $665,000. Finally, Jackson Hole Capital Partners LLC grew its position in shares of Annaly Capital Management by 8.2% in the first quarter. Jackson Hole Capital Partners LLC now owns 103,835 shares of the real estate investment trust’s stock valued at $2,109,000 after purchasing an additional 7,831 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.50 on Friday. The firm has a market cap of $12.25 billion, a PE ratio of 20.30, a PEG ratio of 4.53 and a beta of 1.20. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.11. The company has a fifty day moving average price of $19.52 and a 200 day moving average price of $19.85.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $237.00 million. Research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management’s dividend payout ratio is presently 277.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NLY shares. Jones Trading reaffirmed a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 27th. UBS Group reiterated a “neutral” rating and issued a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.72.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.