Principal Financial Group Inc. Grows Position in Annaly Capital Management Inc $NLY

Principal Financial Group Inc. grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,426,229 shares of the real estate investment trust’s stock after buying an additional 45,269 shares during the period. Principal Financial Group Inc.’s holdings in Annaly Capital Management were worth $28,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Annaly Capital Management in the second quarter valued at $130,626,000. Goldman Sachs Group Inc. increased its stake in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Vanguard Group Inc. raised 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 worth $1,104,761,000 after purchasing an additional 2,344,867 shares during the period. Amundi raised its holdings in Annaly Capital Management by 147.9% in the 2nd quarter. Amundi now owns 2,055,226 shares of the real estate investment trust’s stock worth $39,707,000 after purchasing an additional 1,226,028 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position 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 purchasing an additional 1,081,482 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NLY shares. Jones Trading boosted their price objective on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. 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 report on Friday, January 30th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Stock Down 0.4%

Annaly Capital Management stock opened at $22.88 on Friday. The company has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $21.84. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 7.13 and a beta of 1.24. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.06 billion during 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, research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend 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 (DPR) 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.