Annaly Capital Management Inc $NLY Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Annaly Capital Management Inc (NYSE:NLY) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 537,186 shares of the real estate investment trust’s stock after buying an additional 28,667 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Annaly Capital Management worth $10,857,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Annaly Capital Management in the 2nd quarter valued at about $429,000. Charles Schwab Investment Management Inc. increased its stake in Annaly Capital Management by 7.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,083,953 shares of the real estate investment trust’s stock worth $76,860,000 after purchasing an additional 275,186 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Annaly Capital Management by 73.9% during the third quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock worth $5,680,000 after purchasing an additional 114,946 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in shares of Annaly Capital Management by 45.9% during the second quarter. Meritage Portfolio Management now owns 204,205 shares of the real estate investment trust’s stock worth $3,843,000 after purchasing an additional 64,216 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.6%

Shares of NYSE:NLY opened at $23.32 on Thursday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $23.93. The company’s 50 day moving average is $22.52 and its two-hundred day moving average is $21.37. The company has a market cap of $15.92 billion, a PE ratio of 10.79, a P/E/G ratio of 7.15 and a beta of 1.25.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Annaly Capital Management’s payout ratio is 129.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NLY shares. Piper Sandler reaffirmed an “overweight” rating and set a $23.50 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. Jones Trading reaffirmed a “buy” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Barclays set a $23.00 price objective on Annaly Capital Management and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.63.

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.