OP Asset Management Ltd Takes $1.39 Million Position in Annaly Capital Management Inc $NLY

OP Asset Management Ltd acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the 1st quarter, Holdings Channel reports. The fund acquired 65,775 shares of the real estate investment trust’s stock, valued at approximately $1,391,000.

Several other institutional investors also recently modified their holdings of NLY. Fourth Dimension Wealth LLC lifted its position in 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 valued at $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of Annaly Capital Management in the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of Annaly Capital Management in the 4th quarter worth $31,000. TD Private Client Wealth LLC raised its position in shares of Annaly Capital Management by 361.3% during the 4th 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 in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Annaly Capital Management during the 4th quarter worth $37,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY opened at $23.14 on Tuesday. Annaly Capital Management Inc has a fifty-two week low of $18.64 and a fifty-two week high of $24.52. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 7.01 and a beta of 1.17. The firm has a 50 day moving average price of $22.09 and a 200-day moving average price of $22.45.

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

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 94.59%.

Wall Street Analyst Weigh In

NLY has been the subject of several research reports. 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 report on Friday, April 24th. Piper Sandler lowered their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, BTIG Research set a $24.00 price objective on Annaly Capital Management in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.11.

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.