Two Sigma Securities LLC Buys New Position in Annaly Capital Management Inc $NLY

Two Sigma Securities LLC bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, HoldingsChannel reports. The firm bought 40,858 shares of the real estate investment trust’s stock, valued at approximately $914,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NLY. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares in the last quarter. Root Financial Partners LLC grew its position in Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management in the fourth quarter worth $31,000. TD Private Client Wealth LLC increased its stake in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in Annaly Capital Management in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday, June 17th. Piper Sandler boosted their target price 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, JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Stock Down 0.4%

Shares of NYSE:NLY opened at $22.94 on Tuesday. The stock has a market cap of $17.29 billion, a PE ratio of 5.75, a PEG ratio of 6.02 and a beta of 1.16. The company’s fifty day moving average is $22.88 and its 200 day moving average is $22.39. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. Sell-side analysts anticipate that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.1%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

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.