Geode Capital Management LLC raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,368,437 shares of the real estate investment trust’s stock after buying an additional 1,560,500 shares during the period. Geode Capital Management LLC’s holdings in Annaly Capital Management were worth $162,877,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Annaly Capital Management by 1,615.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,118,883 shares of the real estate investment trust’s stock worth $36,576,000 after buying an additional 3,878,792 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Annaly Capital Management by 1,513.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 4,094,857 shares of the real estate investment trust’s stock worth $36,362,000 after purchasing an additional 3,841,128 shares during the last quarter. Legal & General Group Plc boosted its holdings in Annaly Capital Management by 33.2% during the second quarter. Legal & General Group Plc now owns 10,779,519 shares of the real estate investment trust’s stock worth $95,722,000 after purchasing an additional 2,688,642 shares during the last quarter. AMF Pensionsforsakring AB purchased a new position in Annaly Capital Management in the second quarter valued at about $21,137,000. Finally, Citigroup Inc. boosted its stake in Annaly Capital Management by 125.3% in the second quarter. Citigroup Inc. now owns 4,149,959 shares of the real estate investment trust’s stock valued at $36,851,000 after acquiring an additional 2,308,359 shares during the last quarter. Institutional investors own 42.40% of the company’s stock.
A number of research firms recently weighed in on NLY. TheStreet lowered shares of Annaly Capital Management from a “b-” rating to a “c” rating in a report on Thursday, July 29th. JMP Securities decreased their price target on shares of Annaly Capital Management from $10.00 to $9.25 and set a “market outperform” rating on the stock in a report on Friday, July 30th. Finally, Piper Sandler cut shares of Annaly Capital Management from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $8.50 in a research note on Wednesday, October 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.03.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Annaly Capital Management had a net margin of 149.66% and a return on equity of 14.28%. During the same period in the previous year, the firm earned $0.27 EPS. Sell-side analysts expect that Annaly Capital Management, Inc. will post 1.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend is Wednesday, September 29th. Annaly Capital Management’s dividend payout ratio is currently 80.00%.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.
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