United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Stock Holdings in Annaly Capital Management Inc $NLY

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,667 shares of the real estate investment trust’s stock after acquiring an additional 36,000 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.06% of Annaly Capital Management worth $10,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NLY. Fourth Dimension Wealth LLC increased its position in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the 4th quarter valued at $29,000. Root Financial Partners LLC lifted its holdings in Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth $31,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $23.33 on Friday. The firm 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. The company’s 50-day moving average is $22.61 and its two-hundred day moving average is $22.40. Annaly Capital Management Inc has a 1-year low of $20.00 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s payout ratio is currently 75.19%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NLY. JonesTrading restated a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Piper Sandler lifted their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Company Profile

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.