Pacer Advisors Inc. Increases Holdings in Annaly Capital Management Inc $NLY

Pacer Advisors Inc. increased its position in Annaly Capital Management Inc (NYSE:NLY) by 28.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,581 shares of the real estate investment trust’s stock after buying an additional 23,359 shares during the quarter. Pacer Advisors Inc.’s holdings in Annaly Capital Management were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NLY. Vanguard Group Inc. raised its stake in shares of 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. State Street Corp lifted its holdings in shares of Annaly Capital Management by 8.4% in the 4th quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock worth $608,994,000 after acquiring an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Annaly Capital Management by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after purchasing an additional 1,503,559 shares in the last quarter. Norges Bank purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at $162,477,000. Finally, Morgan Stanley grew its holdings in shares of Annaly Capital Management by 33.5% during the 4th quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock valued at $156,013,000 after purchasing an additional 1,751,509 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NLY. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. JonesTrading reaffirmed a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Piper Sandler raised their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company decreased their price objective on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $23.01 on Friday. The firm has a market cap of $17.34 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 5.92 and a beta of 1.16. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The business has a 50 day moving average price of $22.42 and a 200-day moving average price of $22.42.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. Research analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The company 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. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. Annaly Capital Management’s payout ratio is 75.19%.

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.