Quantinno Capital Management LP Has $6.85 Million Position in Annaly Capital Management Inc $NLY

Quantinno Capital Management LP grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 123.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,924 shares of the real estate investment trust’s stock after buying an additional 179,106 shares during the quarter. Quantinno Capital Management LP’s holdings in Annaly Capital Management were worth $6,851,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NLY. Fourth Dimension Wealth LLC grew its holdings in shares of Annaly Capital Management by 76.9% in 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 acquiring an additional 500 shares in the last quarter. Camelot Portfolios LLC bought a new stake in Annaly Capital Management during the fourth quarter worth about $29,000. Root Financial Partners LLC raised its holdings in Annaly Capital Management by 585.6% during 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. acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC boosted its position in 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 valued at $34,000 after purchasing an additional 1,178 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NLY has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. UBS Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Finally, Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Two 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. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Price Performance

NLY stock opened at $22.67 on Thursday. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 5.94 and a beta of 1.16. The company has a fifty day moving average price of $22.37 and a two-hundred day moving average price of $22.43.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company 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%. Research analysts anticipate that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.2%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio 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.