QRG Capital Management Inc. Has $8.17 Million Stake in Annaly Capital Management Inc $NLY

QRG Capital Management Inc. boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,259 shares of the real estate investment trust’s stock after purchasing an additional 58,488 shares during the period. QRG Capital Management Inc.’s holdings in Annaly Capital Management were worth $8,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Norges Bank acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after acquiring an additional 4,286,893 shares during the last quarter. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $63,699,000. Finally, Goldman Sachs Group Inc. boosted its position in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $22.55 on Friday. Annaly Capital Management Inc has a 52 week low of $19.24 and a 52 week high of $24.52. The stock has a market capitalization of $16.52 billion, a P/E ratio of 7.62, a PEG ratio of 6.85 and a beta of 1.16. The stock has a 50-day simple moving average of $22.07 and a 200 day simple moving average of $22.46.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. Research analysts forecast that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.3%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

Analyst Ratings Changes

A number of research analysts have weighed in on NLY shares. UBS Group reaffirmed a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday. JonesTrading restated a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.44.

About Annaly Capital Management

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.