Pacer Advisors Inc. Acquires 23,359 Shares of Annaly Capital Management Inc $NLY

Pacer Advisors Inc. grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,581 shares of the real estate investment trust’s stock after acquiring an additional 23,359 shares during the period. Pacer Advisors Inc.’s holdings in Annaly Capital Management were worth $2,212,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC raised its stake in shares of 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 valued at $26,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC boosted its stake in 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 worth $28,000 after purchasing an additional 1,136 shares during the period. Camelot Portfolios LLC bought a new position in Annaly Capital Management in the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management during the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC increased its position in shares of Annaly Capital Management by 361.3% during 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 during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 1.6%

Shares of NYSE NLY opened at $23.01 on Friday. The stock’s 50-day simple moving average is $22.42 and its two-hundred day simple moving average is $22.42. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm has a market capitalization of $17.34 billion, a P/E ratio of 5.77, a P/E/G ratio of 5.92 and a beta of 1.16.

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

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NLY shares. UBS Group reissued a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. JonesTrading reaffirmed a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Wells Fargo & Company lowered their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.