Nomura Asset Management Co. Ltd. Purchases 28,000 Shares of Annaly Capital Management Inc $NLY

Nomura Asset Management Co. Ltd. grew its position in Annaly Capital Management Inc (NYSE:NLY) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,092 shares of the real estate investment trust’s stock after purchasing an additional 28,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Annaly Capital Management were worth $4,899,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC raised 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 valued at $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC bought a new position in Annaly Capital Management during the fourth quarter worth $29,000. TD Private Client Wealth LLC increased its position in Annaly Capital Management by 361.3% during the fourth 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 period. MCF Advisors LLC increased its position in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 496 shares during the period. Finally, Elevation Wealth Partners LLC bought a new position in Annaly Capital Management during the fourth quarter worth $39,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NLY shares. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. 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. Finally, Piper Sandler dropped their target price on shares of 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. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Annaly Capital Management Trading Up 0.5%

Shares of NLY stock opened at $21.27 on Friday. The firm has a market capitalization of $15.59 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 6.46 and a beta of 1.17. The firm’s fifty day simple moving average is $21.92 and its 200 day simple moving average is $22.48. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Equities research analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s payout ratio is 94.59%.

Annaly Capital Management Company Profile

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.