Illinois Municipal Retirement Fund Lowers Holdings in Annaly Capital Management Inc $NLY

Illinois Municipal Retirement Fund decreased its position in Annaly Capital Management Inc (NYSE:NLY) by 28.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,458 shares of the real estate investment trust’s stock after selling 24,002 shares during the period. Illinois Municipal Retirement Fund’s holdings in Annaly Capital Management were worth $1,202,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 4,205 shares in the last quarter. Millennium Management LLC boosted its stake in Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after purchasing an additional 80,481 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Annaly Capital Management by 20.8% during the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Annaly Capital Management by 833.6% during 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 acquiring an additional 2,607,784 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.0%

NLY opened at $22.99 on Thursday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The business has a 50 day moving average price of $23.12 and a two-hundred day moving average price of $21.98. The company has a market cap of $16.51 billion, a PE ratio of 8.27, a P/E/G ratio of 7.06 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.2%. Annaly Capital Management’s dividend payout ratio is presently 100.72%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NLY. Piper Sandler restated an “overweight” rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, January 6th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, 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, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.11.

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.