VIRGINIA RETIREMENT SYSTEMS ET Al Buys 2,020,458 Shares of Annaly Capital Management Inc $NLY

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 814.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,268,458 shares of the real estate investment trust’s stock after buying an additional 2,020,458 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.30% of Annaly Capital Management worth $42,851,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blueprint Investment Partners LLC raised its stake in Annaly Capital Management by 4.1% during the 3rd quarter. Blueprint Investment Partners LLC now owns 15,107 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 590 shares in the last quarter. Blueprint Financial Advisors LLC boosted its stake in Annaly Capital Management by 4.1% in the third quarter. Blueprint Financial Advisors LLC now owns 14,944 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 585 shares in the last quarter. Sage Rhino Capital LLC grew its holdings in shares of Annaly Capital Management by 27.5% during the third quarter. Sage Rhino Capital LLC now owns 13,017 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 2,804 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Annaly Capital Management by 3.1% during the third quarter. D.A. Davidson & CO. now owns 231,601 shares of the real estate investment trust’s stock worth $4,375,000 after purchasing an additional 7,072 shares during the last quarter. Finally, North Dakota State Investment Board increased its position in shares of Annaly Capital Management by 7.8% during the third quarter. North Dakota State Investment Board now owns 22,684 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 1,645 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY opened at $18.22 on Friday. Annaly Capital Management Inc has a fifty-two week low of $17.70 and a fifty-two week high of $24.52. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The firm has a 50-day simple moving average of $20.30 and a 200-day simple moving average of $21.95.

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

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.5%. Annaly Capital Management’s payout ratio is presently 209.79%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research reports. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Piper Sandler cut their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company set a $22.00 price objective on Annaly Capital Management and gave the company an “overweight” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, Barclays set a $21.00 target price on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

Annaly Capital Management 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.