Annaly Capital Management, Inc. (NYSE:NLY) Position Boosted by ProShare Advisors LLC

Posted by Defense World Staff on Apr 25th, 2023

ProShare Advisors LLC increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,417 shares of the real estate investment trust’s stock after buying an additional 12,515 shares during the quarter. ProShare Advisors LLC’s holdings in Annaly Capital Management were worth $1,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Integrated Advisors Network LLC bought a new position in Annaly Capital Management in the 4th quarter worth approximately $512,000. All Season Financial Advisors Inc. lifted its position in Annaly Capital Management by 11.3% in the fourth quarter. All Season Financial Advisors Inc. now owns 16,025 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 1,622 shares during the period. Bank of Montreal Can lifted its position in Annaly Capital Management by 27.4% in the fourth quarter. Bank of Montreal Can now owns 98,240 shares of the real estate investment trust’s stock worth $2,094,000 after purchasing an additional 21,117 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Annaly Capital Management by 10.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 271,290 shares of the real estate investment trust’s stock worth $5,719,000 after purchasing an additional 25,201 shares during the period. Finally, Cowen Prime Advisors LLC lifted its position in Annaly Capital Management by 279.4% in the fourth quarter. Cowen Prime Advisors LLC now owns 11,950 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 8,800 shares during the period. 52.80% of the stock is owned by institutional investors.

Annaly Capital Management Trading Up 0.6 %

NYSE NLY opened at $19.46 on Tuesday. Annaly Capital Management, Inc. has a 1-year low of $15.11 and a 1-year high of $27.96. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 6.84. The company has a market capitalization of $9.61 billion, a PE ratio of 3.91 and a beta of 1.36. The firm’s fifty day simple moving average is $19.62 and its 200-day simple moving average is $20.38.

Annaly Capital Management (NYSE:NLY – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Annaly Capital Management had a net margin of 62.09% and a return on equity of 19.23%. The business had revenue of $135.09 million for the quarter, compared to the consensus estimate of $426.09 million. During the same period in the prior year, the business posted $1.12 earnings per share. Annaly Capital Management’s revenue for the quarter was down 62.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, March 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend is Thursday, March 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 52.21%.

Analyst Upgrades and Downgrades

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

About Annaly Capital Management

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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.

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

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