Annaly Capital Management Inc $NLY Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,768 shares of the real estate investment trust’s stock after buying an additional 104,400 shares during the period. TD Asset Management Inc’s holdings in Annaly Capital Management were worth $11,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC increased its position in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler increased their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, July 24th. 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.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $23.33 on Friday. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 6.11 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. The stock’s fifty day moving average is $22.61 and its two-hundred day moving average is $22.40.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

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

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.