Amalgamated Bank Has $5.17 Million Stake in Annaly Capital Management Inc $NLY

Amalgamated Bank boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.9% in the second quarter, Holdings Channel reports. The fund owned 274,717 shares of the real estate investment trust’s stock after acquiring an additional 10,395 shares during the period. Amalgamated Bank’s holdings in Annaly Capital Management were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in Annaly Capital Management during the 1st quarter worth $28,000. Twin Tree Management LP acquired a new position in Annaly Capital Management during the 1st quarter worth $29,000. MCF Advisors LLC lifted its position in Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,598 shares during the last quarter. Assetmark Inc. lifted its position in Annaly Capital Management by 97.5% during the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in Annaly Capital Management by 416.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NLY shares. Royal Bank Of Canada boosted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Hold” and a consensus price target of $21.71.

Annaly Capital Management Stock Performance

NYSE NLY opened at $21.17 on Friday. The stock has a market cap of $13.59 billion, a P/E ratio of 9.80, a PEG ratio of 6.47 and a beta of 1.25. The company’s 50-day simple moving average is $21.15 and its 200 day simple moving average is $20.12. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. As a group, research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. Annaly Capital Management’s payout ratio is presently 129.63%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.