Fifth Third Bancorp Purchases 256,082 Shares of Annaly Capital Management Inc $NLY

Fifth Third Bancorp grew its position in Annaly Capital Management Inc (NYSE:NLY) by 2,675.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 265,653 shares of the real estate investment trust’s stock after buying an additional 256,082 shares during the period. Fifth Third Bancorp’s holdings in Annaly Capital Management were worth $5,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Candriam S.C.A. boosted its holdings in shares of Annaly Capital Management by 3.8% during the 1st quarter. Candriam S.C.A. now owns 161,392 shares of the real estate investment trust’s stock valued at $3,413,000 after acquiring an additional 5,981 shares during the last quarter. Hsbc Holdings PLC raised its stake in Annaly Capital Management by 16.9% during the 1st quarter. Hsbc Holdings PLC now owns 271,870 shares of the real estate investment trust’s stock valued at $5,722,000 after buying an additional 39,286 shares during the last quarter. Ibex Wealth Advisors lifted its holdings in shares of Annaly Capital Management by 7.4% during the 1st quarter. Ibex Wealth Advisors now owns 670,031 shares of the real estate investment trust’s stock valued at $14,171,000 after buying an additional 46,346 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Annaly Capital Management by 76.9% during the 1st quarter. Kestra Advisory Services LLC now owns 285,616 shares of the real estate investment trust’s stock valued at $6,041,000 after buying an additional 124,159 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of Annaly Capital Management by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 103,899 shares of the real estate investment trust’s stock worth $2,201,000 after buying an additional 8,052 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $23.02 on Friday. The company has a market capitalization of $16.87 billion, a P/E ratio of 7.78, a P/E/G ratio of 7.11 and a beta of 1.16. Annaly Capital Management Inc has a 1-year low of $19.70 and a 1-year high of $24.52. The firm’s 50 day simple moving average is $22.12 and its two-hundred day simple moving average is $22.46.

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, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 3 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. 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 dividend yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 101.35%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Piper Sandler increased their target price on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. UBS Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. BTIG Research set a $24.00 price target on Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

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.