United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $8.39 Million in Annaly Capital Management Inc $NLY

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 375,367 shares of the real estate investment trust’s stock, valued at approximately $8,393,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Koshinski Asset Management Inc. increased its stake in shares of Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 463 shares during the period. ProShare Advisors LLC increased its stake in shares of Annaly Capital Management by 1.8% in the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 481 shares during the period. MCF Advisors LLC increased its stake in shares of Annaly Capital Management by 41.6% in the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 496 shares during the period. Fourth Dimension Wealth LLC increased its stake in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Annaly Capital Management by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 524 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NLY shares. JonesTrading reiterated a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada raised their price target on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.22.

Annaly Capital Management Stock Down 0.3%

Shares of NYSE NLY opened at $21.60 on Friday. The company’s 50-day simple moving average is $21.92 and its 200-day simple moving average is $22.49. Annaly Capital Management Inc has a 52-week low of $18.58 and a 52-week high of $24.52. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 6.61 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Equities research analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Annaly Capital Management Company 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.