Annaly Capital Management Inc $NLY Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,681,567 shares of the real estate investment trust’s stock after buying an additional 82,731 shares during the period. Russell Investments Group Ltd.’s holdings in Annaly Capital Management were worth $37,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $7,946,000. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after buying an additional 3,024,564 shares in the last quarter. DNB Asset Management AS lifted its stake in Annaly Capital Management by 165.4% in the 4th quarter. DNB Asset Management AS now owns 336,067 shares of the real estate investment trust’s stock valued at $7,514,000 after buying an additional 209,435 shares in the last quarter. Legal & General Group Plc lifted its stake in Annaly Capital Management by 3.9% in the 4th quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock valued at $44,379,000 after buying an additional 74,074 shares in the last quarter. Finally, Norges Bank acquired a new stake in Annaly Capital Management in the 4th quarter worth about $162,477,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $23.33 on Friday. The stock has a 50 day moving average of $22.61 and a 200 day moving average of $22.40. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 6.09 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, beating analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. Analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

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

Analyst Ratings Changes

NLY has been the subject of several research reports. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. JonesTrading restated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Company 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.