Park Avenue Securities LLC Acquires 45,585 Shares of Annaly Capital Management Inc $NLY

Park Avenue Securities LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 27.8% in the third quarter, Holdings Channel reports. The institutional investor owned 209,454 shares of the real estate investment trust’s stock after buying an additional 45,585 shares during the period. Park Avenue Securities LLC’s holdings in Annaly Capital Management were worth $3,957,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Annaly Capital Management by 6.7% during the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. State Street Corp increased its position in Annaly Capital Management by 4.5% in the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock valued at $679,468,000 after acquiring an additional 1,272,235 shares during the period. KBC Group NV raised its stake in shares of Annaly Capital Management by 44.2% during the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after acquiring an additional 1,525,251 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Annaly Capital Management by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after acquiring an additional 248,335 shares during the last quarter. Finally, Amundi raised its stake in shares of Annaly Capital Management by 35.2% during the first quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock valued at $71,090,000 after acquiring an additional 875,331 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NLY shares. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. JonesTrading decreased their price objective on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Wells Fargo & Company set a $22.00 target price on Annaly Capital Management and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. BTIG Research set a $21.00 target price on Annaly Capital Management and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, Piper Sandler cut their target price on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $18.45 on Friday. The stock has a market capitalization of $13.90 billion, a PE ratio of 12.90, a PEG ratio of 1.40 and a beta of 1.21. The business’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $21.98. Annaly Capital Management Inc has a one year low of $17.70 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. As a group, research analysts expect that Annaly Capital Management Inc will post 3.12 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 16.3%. Annaly Capital Management’s dividend payout ratio is 209.79%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.