Pictet Asset Management Holding SA Has $9.39 Million Stake in Annaly Capital Management Inc $NLY

Pictet Asset Management Holding SA lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 419,836 shares of the real estate investment trust’s stock after purchasing an additional 45,402 shares during the period. Pictet Asset Management Holding SA’s holdings in Annaly Capital Management were worth $9,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NLY. Fourth Dimension Wealth LLC boosted its stake in Annaly Capital Management by 76.9% in 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 increased its position in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,136 shares during the period. Camelot Portfolios LLC bought a new position in Annaly Capital Management during the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its holdings 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 worth $34,000 after buying an additional 1,178 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $23.33 on Friday. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week high of $24.52. The stock has a market capitalization of $17.58 billion, a P/E ratio of 5.85, a PEG ratio of 6.11 and a beta of 1.16. The stock’s fifty day moving average is $22.61 and its 200 day moving average is $22.40.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 12.9%. The ex-dividend date was Tuesday, June 30th. 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%.

Analysts Set New Price Targets

NLY has been the topic of several research reports. Zacks Research upgraded shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Finally, JonesTrading reiterated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.