25,430 Shares in Annaly Capital Management Inc $NLY Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,430 shares of the real estate investment trust’s stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Summit Global Investments raised its holdings in shares of Annaly Capital Management by 332.3% during the third quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 45,966 shares during the period. Mediolanum International Funds Ltd grew its position in Annaly Capital Management by 13.2% during the third quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock valued at $10,947,000 after purchasing an additional 60,814 shares in the last quarter. AIA Group Ltd grew its position in Annaly Capital Management by 124.8% in the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after acquiring an additional 88,341 shares in the last quarter. Vanguard Group Inc. grew its position in Annaly Capital Management by 3.2% in the third quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after acquiring an additional 1,887,629 shares in the last quarter. Finally, Horizon Investments LLC bought a new stake in Annaly Capital Management in the fourth quarter worth approximately $7,946,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $21.85 on Friday. The company has a market capitalization of $16.01 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 6.59 and a beta of 1.20. The company’s 50 day moving average price is $21.92 and its two-hundred day moving average price is $22.49. Annaly Capital Management Inc has a 52 week low of $18.58 and a 52 week high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping 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 firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s payout ratio is 94.59%.

Wall Street Analyst Weigh In

Several analysts have commented on NLY shares. JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Piper Sandler decreased their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JonesTrading restated 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 equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.22.

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.