Annaly Capital Management Inc $NLY Stock Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 27.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,454 shares of the real estate investment trust’s stock after buying an additional 45,585 shares during the period. Park Avenue Securities LLC’s holdings in Annaly Capital Management were worth $3,957,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NLY. BlackRock Inc. lifted its holdings in shares of Annaly Capital Management by 6.7% during the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares during the period. State Street Corp boosted its position in shares of Annaly Capital Management by 4.5% during the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after acquiring an additional 1,272,235 shares in the last quarter. KBC Group NV increased its stake in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after acquiring an additional 1,525,251 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after acquiring an additional 248,335 shares during the last quarter. Finally, Amundi increased its stake in Annaly Capital Management by 35.2% in the first quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock valued at $71,090,000 after acquiring an additional 875,331 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on NLY. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Tuesday, October 6th. Piper Sandler reduced their target price on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Royal Bank Of Canada set a $21.00 price target on Annaly Capital Management and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Finally, BTIG Research set a $21.00 price target on Annaly Capital Management and gave the stock a “buy” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $21.67.

Annaly Capital Management Trading Up 0.9%

NLY stock opened at $18.45 on Friday. The firm has a 50-day moving average price of $20.40 and a 200-day moving average price of $21.98. Annaly Capital Management Inc has a 12 month low of $17.70 and a 12 month high of $24.52. The stock has a market capitalization of $13.90 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. As a group, equities analysts predict that Annaly Capital Management Inc will post 3.12 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 16.3%. Annaly Capital Management’s dividend payout ratio is 209.79%.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.