SG Americas Securities LLC boosted its position in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 635.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 124,884 shares of the real estate investment trust’s stock after acquiring an additional 107,897 shares during the period. SG Americas Securities LLC’s holdings in Annaly Capital Management were worth $2,387,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 2.9% during 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 during the period. State Street Corp increased its position in shares of 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 buying an additional 4,263,394 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Annaly Capital Management by 5.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,288,003 shares of the real estate investment trust’s stock valued at $292,154,000 after buying an additional 800,940 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Annaly Capital Management by 166.1% in the second 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. Finally, Northern Trust Corp increased its holdings in shares of Annaly Capital Management by 1.9% in the first quarter. Northern Trust Corp now owns 10,435,592 shares of the real estate investment trust’s stock worth $73,467,000 after purchasing an additional 194,447 shares during the period. 51.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on NLY. StockNews.com raised shares of Annaly Capital Management to a “sell” rating in a report on Thursday, June 22nd. Piper Sandler raised shares of Annaly Capital Management from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $21.50 in a research note on Tuesday, May 2nd. JPMorgan Chase & Co. dropped their price objective 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 target price on Annaly Capital Management from $23.00 to $21.00 in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Hold” and a consensus target price of $21.69.
Annaly Capital Management Price Performance
Annaly Capital Management (NYSE:NLY – Get Free Report) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. Annaly Capital Management had a positive return on equity of 18.86% and a negative net margin of 38.80%. The business had revenue of $818.25 million for the quarter, compared to analyst estimates of $183.00 million. During the same period last year, the company earned $1.12 EPS. Research analysts predict that Annaly Capital Management, Inc. will post 2.86 earnings per share for the current year.
Annaly Capital Management Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a 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%.
Annaly Capital Management Company Profile
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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