Edmond DE Rothschild Holding S.A. Invests $733,000 in Annaly Capital Management Inc $NLY

Edmond DE Rothschild Holding S.A. acquired a new stake in Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 32,781 shares of the real estate investment trust’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter worth $162,477,000. BlackRock Inc. lifted its stake in Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Annaly Capital Management by 394.1% in the 3rd 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 acquiring an additional 4,286,893 shares during the period. Vanguard Group Inc. grew its position in shares of Annaly Capital Management by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $63,699,000. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Piper Sandler boosted their price target on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Zacks Research upgraded Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research report on Wednesday, June 17th. Finally, Wells Fargo & Company reduced their target price on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Stock Down 1.6%

Shares of NYSE:NLY opened at $23.36 on Friday. Annaly Capital Management Inc has a 12-month low of $20.00 and a 12-month high of $24.52. The business has a 50 day moving average of $22.76 and a 200-day moving average of $22.37. The stock has a market cap of $17.61 billion, a PE ratio of 5.85, a P/E/G ratio of 6.20 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. Equities research analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.8%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

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.