New York State Common Retirement Fund Boosts Holdings in Annaly Capital Management Inc $NLY

New York State Common Retirement Fund grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 15.1% in the third quarter, Holdings Channel reports. The institutional investor owned 397,484 shares of the real estate investment trust’s stock after buying an additional 52,200 shares during the period. New York State Common Retirement Fund’s holdings in Annaly Capital Management were worth $8,033,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock valued at $1,104,761,000 after purchasing an additional 2,344,867 shares in the last quarter. State Street Corp grew its holdings in Annaly Capital Management by 2.8% during the second quarter. State Street Corp now owns 22,683,988 shares of the real estate investment trust’s stock worth $442,136,000 after acquiring an additional 611,817 shares during the period. Geode Capital Management LLC lifted its holdings in Annaly Capital Management by 6.8% in the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock valued at $280,535,000 after acquiring an additional 949,260 shares during the period. Norges Bank acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth $130,626,000. Finally, Brandywine Global Investment Management LLC boosted its holdings in Annaly Capital Management by 33.3% during the second quarter. Brandywine Global Investment Management LLC now owns 4,328,606 shares of the real estate investment trust’s stock worth $81,464,000 after buying an additional 1,081,482 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NLY shares. Piper Sandler reaffirmed 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. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.89.

Annaly Capital Management Trading Up 0.9%

Annaly Capital Management stock opened at $23.03 on Thursday. The stock has a 50-day moving average price of $23.08 and a 200 day moving average price of $21.82. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The stock has a market cap of $15.73 billion, a PE ratio of 8.28, a P/E/G ratio of 7.08 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. On average, equities analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 31st. 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.