SG Trading Solutions LLC Makes New Investment in Annaly Capital Management Inc $NLY

SG Trading Solutions LLC purchased a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 59,899 shares of the real estate investment trust’s stock, valued at approximately $1,339,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Annaly Capital Management during the fourth quarter worth $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after purchasing an additional 4,286,893 shares during the period. Vanguard Group Inc. boosted its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Annaly Capital Management in the 4th quarter valued at about $63,699,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NLY. Piper Sandler lowered their target price 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. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. UBS Group reiterated a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Price Performance

NLY opened at $22.20 on Friday. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 6.77 and a beta of 1.17. The firm’s fifty day moving average price is $22.05 and its two-hundred day moving average price is $22.46.

Annaly Capital Management (NYSE:NLY) last announced 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. 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 during the quarter, compared to the consensus estimate 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 Increases Dividend

The company also recently announced 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 of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.5%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is 94.59%.

About Annaly Capital Management

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.