Annaly Capital Management Inc $NLY Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 20.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,640 shares of the real estate investment trust’s stock after purchasing an additional 125,040 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Annaly Capital Management were worth $15,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NLY. AQR Capital Management LLC lifted its position in shares of Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after acquiring an additional 29,978 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 4,205 shares during the period. Millennium Management LLC increased its stake in Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after purchasing an additional 80,481 shares in the last quarter. NewEdge Advisors LLC increased its stake in Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NLY. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research note on Wednesday, June 17th. Piper Sandler boosted their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, JonesTrading reissued a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $23.02 on Monday. The company has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $22.46. The company has a market cap of $16.87 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 6.93 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $19.70 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. On average, analysts anticipate that Annaly Capital Management Inc will post 3.02 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.0%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is currently 101.35%.

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.