Aberdeen Group plc Acquires 88,497 Shares of Annaly Capital Management Inc $NLY

Aberdeen Group plc grew its holdings in Annaly Capital Management Inc (NYSE:NLY) by 65.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,908 shares of the real estate investment trust’s stock after purchasing an additional 88,497 shares during the quarter. Aberdeen Group plc’s holdings in Annaly Capital Management were worth $5,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC increased its stake in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,136 shares during the period. Camelot Portfolios LLC bought a new stake in Annaly Capital Management during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC raised its holdings in Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE NLY opened at $23.33 on Friday. The business has a fifty day moving average price of $22.61 and a two-hundred day moving average price of $22.40. The stock has a market capitalization of $17.58 billion, a PE ratio of 5.85, a PEG ratio of 6.11 and a beta of 1.16. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is 75.19%.

Analyst Ratings Changes

Several research firms have commented on NLY. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Piper Sandler increased 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 note on Thursday, July 2nd. JonesTrading reaffirmed a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, UBS Group reissued a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Profile

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.