IFM Investors Pty Ltd Acquires 55,802 Shares of Annaly Capital Management Inc $NLY

IFM Investors Pty Ltd lifted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,032 shares of the real estate investment trust’s stock after buying an additional 55,802 shares during the quarter. IFM Investors Pty Ltd’s holdings in Annaly Capital Management were worth $5,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NLY. Wealth Care LLC purchased a new position in Annaly Capital Management during the 1st quarter valued at about $512,000. SMART Wealth LLC bought a new stake in Annaly Capital Management during the first quarter worth about $311,000. SageGuard Financial Group LLC purchased a new stake in Annaly Capital Management in the first quarter worth about $244,000. Dupree Financial Group LLC grew its holdings in Annaly Capital Management by 0.5% in the first quarter. Dupree Financial Group LLC now owns 474,512 shares of the real estate investment trust’s stock worth $10,036,000 after purchasing an additional 2,180 shares during the period. Finally, Continuum Advisory LLC increased its stake in shares of Annaly Capital Management by 3.9% during the first quarter. Continuum Advisory LLC now owns 37,530 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 1,420 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NLY has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. 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. JonesTrading reiterated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $24.44.

Annaly Capital Management Price Performance

NLY stock opened at $22.55 on Friday. The stock has a market capitalization of $16.52 billion, a P/E ratio of 7.62, a P/E/G ratio of 6.85 and a beta of 1.16. Annaly Capital Management Inc has a 1-year low of $19.24 and a 1-year high of $24.52. The business has a fifty day moving average price of $22.07 and a 200-day moving average price of $22.46.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data 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 return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.3%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

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.