Eurizon Capital SGR S.p.A. Takes Position in Annaly Capital Management Inc $NLY

Eurizon Capital SGR S.p.A. bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the fourth quarter, Holdings Channel reports. The fund bought 105,431 shares of the real estate investment trust’s stock, valued at approximately $2,363,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC grew its position in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the period. Camelot Portfolios LLC bought a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $29,000. TD Private Client Wealth LLC grew its position in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares during the period. MCF Advisors LLC grew its position in shares of Annaly Capital Management by 41.6% during the 3rd 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 period. Finally, Atlantic Union Bankshares Corp grew its position in shares of Annaly Capital Management by 273.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,367 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Down 1.1%

NLY opened at $21.28 on Wednesday. The company has a 50 day moving average of $21.91 and a 200 day moving average of $22.49. The company has a market cap of $15.60 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 6.57 and a beta of 1.17. Annaly Capital Management Inc has a 12 month low of $18.58 and a 12 month high of $24.52.

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, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Research analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company 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 dividend payout ratio (DPR) is presently 94.59%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada raised their price objective on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Piper Sandler cut their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

About Annaly Capital Management

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.