Annaly Capital Management Inc $NLY Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,619,032 shares of the real estate investment trust’s stock after acquiring an additional 135,286 shares during the quarter. Principal Financial Group Inc.’s holdings in Annaly Capital Management were worth $34,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC grew its stake in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $29,000. Root Financial Partners LLC raised its stake in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NLY has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. UBS Group restated a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Finally, BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $24.67.

Annaly Capital Management Stock Performance

NLY opened at $23.02 on Friday. The company has a market cap of $16.87 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 6.98 and a beta of 1.16. The stock has a 50-day moving average of $22.12 and a 200-day moving average of $22.46. Annaly Capital Management Inc has a 52-week low of $19.70 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The business had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. On average, research analysts predict that Annaly Capital Management Inc will post 3.02 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

Annaly Capital Management 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.