Edmond DE Rothschild Holding S.A. Invests $733,000 in Annaly Capital Management Inc $NLY

Edmond DE Rothschild Holding S.A. purchased a new stake in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,781 shares of the real estate investment trust’s stock, valued at approximately $733,000.

A number of other hedge funds have also modified their holdings of NLY. Horizon Investments LLC bought a new position in Annaly Capital Management during the fourth quarter worth about $7,946,000. Vanguard Group Inc. increased its holdings in shares of Annaly Capital Management by 5.0% in 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. DNB Asset Management AS raised its position in shares of Annaly Capital Management by 165.4% during the fourth quarter. DNB Asset Management AS now owns 336,067 shares of the real estate investment trust’s stock worth $7,514,000 after purchasing an additional 209,435 shares during the period. Legal & General Group Plc raised its position in shares of Annaly Capital Management by 3.9% during the fourth quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock worth $44,379,000 after purchasing an additional 74,074 shares during the period. Finally, Norges Bank bought a new position in shares of Annaly Capital Management during the 4th quarter valued at about $162,477,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 1.6%

NYSE:NLY opened at $23.36 on Friday. The company has a market cap of $17.61 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 6.20 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The business has a 50 day moving average price of $22.76 and a two-hundred day moving average price of $22.37.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. 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 annualized dividend and a yield of 12.8%. Annaly Capital Management’s payout ratio is presently 75.19%.

Wall Street Analyst Weigh In

NLY has been the subject of a number of research reports. Zacks Research raised Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Piper Sandler increased their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

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.