Securian Asset Management Inc. Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Posted by on Apr 25th, 2023

Securian Asset Management Inc. acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,994 shares of the real estate investment trust’s stock, valued at approximately $906,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after acquiring an additional 3,668,441 shares in the last quarter. State Street Corp lifted its position in Annaly Capital Management by 14.0% during the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Annaly Capital Management by 166.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after purchasing an additional 9,279,874 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Annaly Capital Management by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,487,063 shares of the real estate investment trust’s stock valued at $305,387,000 after buying an additional 49,442 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Annaly Capital Management by 1.9% in the 1st quarter. Northern Trust Corp now owns 10,435,592 shares of the real estate investment trust’s stock valued at $73,467,000 after acquiring an additional 194,447 shares during the last quarter. Hedge funds and other institutional investors own 52.80% of the company’s stock.

Annaly Capital Management Trading Up 0.6 %

NLY opened at $19.46 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 6.84. Annaly Capital Management, Inc. has a 52 week low of $15.11 and a 52 week high of $27.96. The stock has a market cap of $9.61 billion, a PE ratio of 3.91 and a beta of 1.36. The business has a 50 day moving average of $19.62 and a 200-day moving average of $20.38.

Annaly Capital Management (NYSE:NLY – Get Rating) last announced its earnings results on Thursday, February 9th. The real estate investment trust reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $135.09 million for the quarter, compared to analysts’ expectations of $426.09 million. Annaly Capital Management had a net margin of 62.09% and a return on equity of 19.23%. The company’s quarterly revenue was down 62.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. Equities research analysts predict that Annaly Capital Management, Inc. will post 2.87 earnings per share for the current fiscal year.

Annaly Capital Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be paid a $0.65 dividend. The ex-dividend date is Thursday, March 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.36%. Annaly Capital Management’s payout ratio is currently 52.21%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $23.00 to $22.00 in a research report on Monday. Piper Sandler cut their price target on shares of Annaly Capital Management from $22.00 to $20.00 in a report on Monday, April 3rd. Royal Bank of Canada upped their price objective on shares of Annaly Capital Management from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Argus downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. Finally, Barclays increased their price objective on Annaly Capital Management from $19.00 to $24.00 in a report on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.83.

Annaly Capital Management Profile

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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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