Dupont Capital Management Corp Makes New $43,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Posted by on Jul 22nd, 2023

Dupont Capital Management Corp purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,263 shares of the real estate investment trust’s stock, valued at approximately $43,000.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Annaly Capital Management by 166.1% during 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 acquiring an additional 9,279,874 shares in the last quarter. State Street Corp lifted its position in shares of Annaly Capital Management by 14.0% in the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock worth $212,614,000 after purchasing an additional 4,263,394 shares during the period. Norges Bank bought a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $83,248,000. Vanguard Group Inc. increased its holdings in Annaly Capital Management by 2.9% during the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after buying an additional 3,668,441 shares during the period. Finally, Centiva Capital LP raised its stake in Annaly Capital Management by 110.4% in the second quarter. Centiva Capital LP now owns 208,536 shares of the real estate investment trust’s stock worth $1,232,000 after buying an additional 2,208,536 shares in the last quarter. Hedge funds and other institutional investors own 51.24% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $20.09 on Friday. Annaly Capital Management, Inc. has a fifty-two week low of $15.11 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of -8.93 and a beta of 1.37. The stock’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $20.23.

Annaly Capital Management (NYSE:NLY – Get Free Report) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Annaly Capital Management had a negative net margin of 38.80% and a positive return on equity of 18.86%. The company had revenue of $818.25 million during the quarter, compared to analysts’ expectations of $183.00 million. During the same period last year, the business earned $1.12 EPS. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.86 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date of this dividend is Thursday, June 29th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -115.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NLY shares. StockNews.com upgraded Annaly Capital Management to a “sell” rating in a report on Thursday, June 22nd. Piper Sandler upgraded shares of Annaly Capital Management from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $21.50 in a report on Tuesday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $23.00 to $22.00 in a report on Monday, April 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Annaly Capital Management from $23.00 to $21.00 in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Hold” and an average price target of $21.69.

Annaly Capital Management Company Profile

(Free Report)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities.

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

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