Annaly Capital Management Inc $NLY Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 814.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,268,458 shares of the real estate investment trust’s stock after purchasing an additional 2,020,458 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Annaly Capital Management were worth $42,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NLY. Blueprint Investment Partners LLC lifted its holdings in shares of Annaly Capital Management by 4.1% in the 3rd quarter. Blueprint Investment Partners LLC now owns 15,107 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 590 shares during the period. Blueprint Financial Advisors LLC grew its holdings in Annaly Capital Management by 4.1% during the third quarter. Blueprint Financial Advisors LLC now owns 14,944 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 585 shares during the period. Sage Rhino Capital LLC grew its holdings in Annaly Capital Management by 27.5% during the third quarter. Sage Rhino Capital LLC now owns 13,017 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 2,804 shares during the period. D.A. Davidson & CO. raised its position in Annaly Capital Management by 3.1% in the third quarter. D.A. Davidson & CO. now owns 231,601 shares of the real estate investment trust’s stock worth $4,375,000 after acquiring an additional 7,072 shares in the last quarter. Finally, North Dakota State Investment Board raised its position in Annaly Capital Management by 7.8% in the third quarter. North Dakota State Investment Board now owns 22,684 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 1,645 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $21.00 target price on Annaly Capital Management and gave the company an “outperform” rating in a report on Thursday, October 22nd. Wells Fargo & Company set a $22.00 price target on shares of Annaly Capital Management and gave the company an “overweight” rating in a report on Thursday, October 22nd. JonesTrading reduced their price objective on shares of Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Annaly Capital Management Price Performance

NYSE NLY opened at $18.22 on Friday. The business has a 50 day moving average price of $20.30 and a 200 day moving average price of $21.95. The company has a market capitalization of $14.35 billion, a P/E ratio of 12.74, a PEG ratio of 1.42 and a beta of 1.21. Annaly Capital Management Inc has a 1-year low of $17.70 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $637.41 million. On average, research analysts expect that Annaly Capital Management Inc will post 3.12 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 16.5%. The ex-dividend date was Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 209.79%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.