Nomura Asset Management Co. Ltd. Has $4.90 Million Position in Annaly Capital Management Inc $NLY

Nomura Asset Management Co. Ltd. increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,092 shares of the real estate investment trust’s stock after purchasing an additional 28,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Annaly Capital Management were worth $4,899,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NLY. Fourth Dimension Wealth LLC boosted its holdings in shares of Annaly Capital Management by 76.9% during the fourth 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. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth approximately $29,000. TD Private Client Wealth LLC boosted 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 purchasing an additional 1,178 shares during the period. MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its stake in Annaly Capital Management by 273.4% in the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,367 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. JonesTrading reiterated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Piper Sandler reduced their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Annaly Capital Management Stock Up 0.5%

NYSE NLY opened at $21.27 on Friday. The stock has a market capitalization of $15.59 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 6.46 and a beta of 1.17. The company has a 50 day moving average price of $21.92 and a two-hundred day moving average price of $22.48. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared 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 of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 94.59%.

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.