Hilltop Holdings Inc. Purchases New Position in Annaly Capital Management Inc $NLY

Hilltop Holdings Inc. purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 39,030 shares of the real estate investment trust’s stock, valued at approximately $825,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Norges Bank purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after buying an additional 4,286,893 shares during the last quarter. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after buying an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Annaly Capital Management during the fourth quarter worth $63,699,000. Finally, Goldman Sachs Group Inc. raised its position in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after buying an additional 2,607,784 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Key Stories Impacting Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly’s Q2 results and earnings-call commentary pointed to strong momentum, with management highlighting diversified housing finance growth across Agency securities, Residential Credit, and MSR opportunities, along with disciplined capital allocation. The company also reported strong profitability and a 5.5% economic return, which can help reassure investors about earnings durability. Annaly Q2 Earnings Call Highlights Housing Finance Strategy
• Positive Sentiment: Several reports said Annaly’s earnings available for distribution topped its dividend for a ninth straight quarter, and that rising EAD is supporting another dividend increase. For a high-yield mortgage REIT like NLY, this is important because it suggests the payout may remain well covered. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.
• Positive Sentiment: Annaly also raised its quarterly dividend to $0.75 and signaled attractive 14%–16% levered return potential in agency assets, reinforcing the stock’s appeal to income investors. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Neutral Sentiment: JPMorgan and Wells Fargo both lowered their price targets to $24 from higher levels, but kept overweight ratings. That suggests analysts still see upside in NLY, but are somewhat more cautious on valuation and near-term expectations. Analyst price target updates from JPMorgan and Wells Fargo
• Neutral Sentiment: Other coverage framed Annaly as a strong-yield, discounted valuation story, which supports the stock’s income-investor case but does not introduce a major new catalyst. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NLY shares. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler upped their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $22.43 on Monday. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The firm has a market cap of $16.43 billion, a PE ratio of 5.62, a P/E/G ratio of 6.73 and a beta of 1.16. The stock has a fifty day moving average price of $22.16 and a 200-day moving average price of $22.45.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $892.86 million for the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 3.03 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s payout ratio is presently 75.19%.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.