Plato Investment Management Ltd Makes New $586,000 Investment in Annaly Capital Management Inc $NLY

Plato Investment Management Ltd purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the second quarter, HoldingsChannel.com reports. The firm purchased 31,238 shares of the real estate investment trust’s stock, valued at approximately $586,000.

A number of other large investors have also recently bought and sold shares of NLY. Financial Gravity Asset Management Inc. acquired a new stake in Annaly Capital Management during the first quarter worth approximately $28,000. Twin Tree Management LP acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $29,000. MCF Advisors LLC grew its position in shares of Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,598 shares during the period. Assetmark Inc. grew its position in shares of Annaly Capital Management by 97.5% during the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,190 shares during the period. Finally, Bogart Wealth LLC grew its position in shares of Annaly Capital Management by 416.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,000 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on NLY shares. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group raised their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Piper Sandler set a $22.50 price objective on Annaly Capital Management and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.71.

Annaly Capital Management Stock Up 2.0%

Shares of NYSE NLY opened at $21.17 on Monday. The stock has a market capitalization of $13.59 billion, a P/E ratio of 9.80, a P/E/G ratio of 6.47 and a beta of 1.25. The company has a 50-day moving average price of $21.15 and a 200-day moving average price of $20.14. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. 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 (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business 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%. On average, equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. Annaly Capital Management’s payout ratio is presently 129.63%.

Annaly Capital Management 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.