Saudi Central Bank Increases Stock Position in Annaly Capital Management Inc $NLY

Saudi Central Bank raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 99.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,286 shares of the real estate investment trust’s stock after purchasing an additional 25,075 shares during the period. Saudi Central Bank’s holdings in Annaly Capital Management were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC lifted its position in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares in the last quarter. Root Financial Partners LLC boosted its stake in Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management during the 4th quarter valued at approximately $31,000. TD Private Client Wealth LLC increased its stake in Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Markowski Investments purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Stock Down 0.6%

NLY stock opened at $22.59 on Thursday. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The stock has a market capitalization of $17.03 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The firm’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $22.38.

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

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.