Bank of New York Mellon Corp Raises Position in Annaly Capital Management Inc $NLY

Bank of New York Mellon Corp grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 6.0% during the fourth quarter, Holdings Channel reports. The firm owned 4,714,355 shares of the real estate investment trust’s stock after purchasing an additional 265,437 shares during the period. Bank of New York Mellon Corp’s holdings in Annaly Capital Management were worth $105,413,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NLY. Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 5.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,041,217 shares of the real estate investment trust’s stock worth $23,282,000 after purchasing an additional 50,114 shares during the last quarter. Fiduciary Family Office LLC bought a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $230,000. Natixis Advisors LLC lifted its position in shares of Annaly Capital Management by 65.3% during the 4th quarter. Natixis Advisors LLC now owns 82,911 shares of the real estate investment trust’s stock worth $1,854,000 after buying an additional 32,745 shares in the last quarter. Collar Capital Management LLC boosted its stake in shares of Annaly Capital Management by 3.2% in the 4th quarter. Collar Capital Management LLC now owns 103,776 shares of the real estate investment trust’s stock worth $2,320,000 after buying an additional 3,250 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in shares of Annaly Capital Management by 12.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 139,925 shares of the real estate investment trust’s stock worth $3,129,000 after buying an additional 15,200 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY opened at $21.23 on Monday. Annaly Capital Management Inc has a fifty-two week low of $18.64 and a fifty-two week high of $24.52. The business has a 50-day moving average of $21.91 and a 200 day moving average of $22.48. The firm has a market cap of $15.56 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 6.48 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last released 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 business had revenue of $341.56 million for the quarter, compared to the consensus estimate 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, research analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NLY shares. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. UBS Group reissued a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Piper Sandler decreased their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

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.