Annaly Capital Management Inc $NLY Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,224,693 shares of the real estate investment trust’s stock after acquiring an additional 134,397 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Annaly Capital Management were worth $23,049,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in Annaly Capital Management in the first quarter worth about $28,000. Twin Tree Management LP bought a new position in Annaly Capital Management in the first quarter worth about $29,000. Smallwood Wealth Investment Management LLC bought a new position in Annaly Capital Management in the first quarter worth about $36,000. MCF Advisors LLC lifted its holdings in Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in Annaly Capital Management by 416.7% in the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. UBS Group lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.63.

Annaly Capital Management Stock Performance

NLY opened at $21.06 on Wednesday. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 5.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The business has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $20.06.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 129.63%.

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.