VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 248,000 Annaly Capital Management Inc $NLY

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, HoldingsChannel reports. The fund bought 248,000 shares of the real estate investment trust’s stock, valued at approximately $5,545,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fourth Dimension Wealth LLC raised its position 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 during the period. Root Financial Partners LLC grew its stake in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at $31,000. TD Private Client Wealth LLC raised its holdings in shares of Annaly Capital Management by 361.3% in 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 period. Finally, Markowski Investments purchased a new stake in shares of Annaly Capital Management in the 2nd quarter valued at $37,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY opened at $22.75 on Wednesday. The stock has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $22.38. The stock has a market capitalization of $17.15 billion, a PE ratio of 5.70, a PEG ratio of 1.79 and a beta of 1.16. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Finally, Wells Fargo & Company reduced their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price 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.