Rhumbline Advisers Has $36.10 Million Position in Annaly Capital Management Inc $NLY

Rhumbline Advisers grew its holdings in Annaly Capital Management Inc (NYSE:NLY) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,786,198 shares of the real estate investment trust’s stock after buying an additional 73,584 shares during the quarter. Rhumbline Advisers’ holdings in Annaly Capital Management were worth $36,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Financial Gravity Companies Inc. bought a new stake in Annaly Capital Management during the 2nd quarter worth about $25,000. Delos Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management during the second quarter worth approximately $28,000. Evolution Wealth Management Inc. bought a new stake in shares of Annaly Capital Management during the second quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC raised its position in Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NLY. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Piper Sandler reissued an “overweight” rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Trading Up 0.5%

Annaly Capital Management stock opened at $23.06 on Friday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 8.29, a PEG ratio of 7.09 and a beta of 1.24. The business has a 50-day moving average of $23.08 and a 200-day moving average of $21.93. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $567.67 million. Research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were given a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.1%. Annaly Capital Management’s dividend payout ratio is currently 100.72%.

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.