Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Annaly Capital Management Inc $NLY

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 21.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 642,707 shares of the real estate investment trust’s stock after buying an additional 112,462 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Annaly Capital Management were worth $14,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new stake in Annaly Capital Management in the 4th quarter worth $29,000. MCF Advisors LLC raised its stake in shares of 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 valued at $35,000 after acquiring an additional 496 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Annaly Capital Management by 273.4% during the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,367 shares during the period. Elevation Wealth Partners LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $39,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $22.61 on Monday. Annaly Capital Management Inc has a 1 year low of $18.43 and a 1 year high of $24.52. The company’s 50-day moving average is $22.17 and its 200 day moving average is $22.43. The stock has a market capitalization of $16.56 billion, a P/E ratio of 7.64, a P/E/G ratio of 6.90 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million during 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%. Research analysts anticipate that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.4%. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada lifted their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Argus raised Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Finally, Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Insider Buying and Selling

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the completion of the transaction, the chief operating officer owned 204,491 shares in the company, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Serena Wolfe sold 16,536 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. This represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is currently owned by company insiders.

Annaly Capital Management 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.