Louisiana State Employees Retirement System Purchases 8,200 Shares of Annaly Capital Management Inc $NLY

Louisiana State Employees Retirement System grew its position in Annaly Capital Management Inc (NYSE:NLY) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,200 shares of the real estate investment trust’s stock after acquiring an additional 8,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Annaly Capital Management were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $28,000. Twin Tree Management LP purchased a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $36,000. Finally, MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,598 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY opened at $20.88 on Friday. The business has a fifty day moving average of $21.09 and a 200 day moving average of $19.92. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.41 billion, a P/E ratio of 20.67, a PEG ratio of 4.97 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management’s payout ratio is 277.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NLY. Royal Bank Of Canada lifted their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.13.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.