Saudi Central Bank Buys 25,075 Shares of Annaly Capital Management Inc $NLY

Saudi Central Bank grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 99.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,286 shares of the real estate investment trust’s stock after buying an additional 25,075 shares during the quarter. Saudi Central Bank’s holdings in Annaly Capital Management were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NLY. Fourth Dimension Wealth LLC boosted 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 worth $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC increased its position 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 valued at $28,000 after purchasing an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $31,000. TD Private Client Wealth LLC boosted its holdings in shares of Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the last quarter. Finally, Markowski Investments purchased a new position in shares of Annaly Capital Management in the second quarter worth approximately $37,000. Institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NLY shares. Piper Sandler upped their target price on shares of 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 objective on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 3rd. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Annaly Capital Management Stock Down 0.6%

Shares of Annaly Capital Management stock opened at $22.59 on Thursday. The stock’s 50-day simple moving average is $22.91 and its 200-day simple moving average is $22.38. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week high of $24.52. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.79 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data 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 return on equity of 16.00% and a net margin of 43.66%.The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. On average, equities analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 13.3%. The ex-dividend date is Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.