Eurizon Capital SGR S.p.A. Invests $2.36 Million in Annaly Capital Management Inc $NLY

Eurizon Capital SGR S.p.A. acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 105,431 shares of the real estate investment trust’s stock, valued at approximately $2,363,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NLY. AIA Group Ltd raised its holdings in shares of Annaly Capital Management by 124.8% in the 3rd quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after acquiring an additional 88,341 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after acquiring an additional 1,887,629 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter worth about $7,946,000. Brevan Howard Capital Management LP raised its holdings in shares of Annaly Capital Management by 105.4% in the 3rd quarter. Brevan Howard Capital Management LP now owns 275,484 shares of the real estate investment trust’s stock worth $5,568,000 after acquiring an additional 141,384 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Annaly Capital Management by 48.0% in the 3rd quarter. Citigroup Inc. now owns 865,055 shares of the real estate investment trust’s stock worth $17,483,000 after acquiring an additional 280,645 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NLY shares. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. JonesTrading restated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group restated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. One 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $21.28 on Wednesday. The firm has a market cap of $15.60 billion, a price-to-earnings 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 52 week low of $18.58 and a 52 week high of $24.52. The firm has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $22.49.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 13.2%. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Annaly Capital Management 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.