Annaly Capital Management Inc $NLY Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 32.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 308,759 shares of the real estate investment trust’s stock after buying an additional 75,229 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Annaly Capital Management were worth $5,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. purchased a new stake in shares of Annaly Capital Management in the second quarter valued at $25,000. Twin Tree Management LP purchased a new stake in Annaly Capital Management in the 1st quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth approximately $28,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth approximately $34,000. Finally, Assetmark Inc. grew its position in Annaly Capital Management by 97.5% during the second quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price target on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Trading Up 0.6%

Shares of NYSE:NLY opened at $22.73 on Friday. The stock has a market capitalization of $15.52 billion, a PE ratio of 10.52, a P/E/G ratio of 7.08 and a beta of 1.26. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.98. The firm has a fifty day moving average price of $21.79 and a 200 day moving average price of $20.88.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.3%. The ex-dividend date is Wednesday, December 31st. Annaly Capital Management’s payout ratio is 129.63%.

About Annaly Capital Management

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.