Annaly Capital Management Inc $NLY Stock Position Increased by Korea Investment CORP

Korea Investment CORP increased its position in Annaly Capital Management Inc (NYSE:NLY) by 8.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 337,382 shares of the real estate investment trust’s stock after acquiring an additional 25,300 shares during the period. Korea Investment CORP’s holdings in Annaly Capital Management were worth $6,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in Annaly Capital Management in the 2nd quarter valued at about $25,000. Twin Tree Management LP acquired a new stake in Annaly Capital Management during the first quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC bought a new stake in Annaly Capital Management during the second quarter worth approximately $34,000. Assetmark Inc. grew its position in Annaly Capital Management by 97.5% in the second 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 last quarter. Finally, Bogart Wealth LLC grew its position 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 buying an additional 2,000 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.2%

NYSE:NLY opened at $22.84 on Tuesday. The stock has a market cap of $15.60 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The stock’s 50-day moving average is $21.29 and its two-hundred day moving average is $20.57.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $493.55 million. As a group, equities research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.3%. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Barclays set a $20.00 price objective on Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.71.

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.