Nuveen LLC Buys Shares of 1,850,300 Annaly Capital Management Inc (NYSE:NLY)

Nuveen LLC bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,850,300 shares of the real estate investment trust’s stock, valued at approximately $37,580,000. Nuveen LLC owned about 0.31% of Annaly Capital Management as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter valued at $36,000. MCF Advisors LLC increased its position in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at $39,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. Jones Trading restated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada lowered their target price on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Finally, UBS Group reiterated a “neutral” rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $20.72.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.83 on Friday. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.94 and a beta of 1.20. The business has a 50-day moving average of $19.87 and a 200-day moving average of $19.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 277.23%.

About Annaly Capital Management

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.