OP Asset Management Ltd Invests $1.39 Million in Annaly Capital Management Inc $NLY

OP Asset Management Ltd acquired a new position in Annaly Capital Management Inc (NYSE:NLY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 65,775 shares of the real estate investment trust’s stock, valued at approximately $1,391,000.

Several other institutional investors have also added to or reduced their stakes in the business. Banque Cantonale Vaudoise purchased a new position in shares of Annaly Capital Management in the first quarter worth about $70,000. Values First Advisors Inc. raised its position in shares of Annaly Capital Management by 4.0% in the first quarter. Values First Advisors Inc. now owns 38,086 shares of the real estate investment trust’s stock valued at $806,000 after purchasing an additional 1,475 shares during the period. Brookstone Capital Management lifted its stake in shares of Annaly Capital Management by 13.8% during the 1st quarter. Brookstone Capital Management now owns 13,721 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 1,668 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Annaly Capital Management by 25.4% in the 1st quarter. SG Americas Securities LLC now owns 277,899 shares of the real estate investment trust’s stock worth $5,878,000 after buying an additional 56,350 shares during the period. Finally, Fortem Financial Group LLC boosted its holdings in Annaly Capital Management by 19.7% in the 1st quarter. Fortem Financial Group LLC now owns 193,851 shares of the real estate investment trust’s stock worth $4,100,000 after buying an additional 31,912 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.8%

Annaly Capital Management stock opened at $23.14 on Tuesday. The firm’s 50 day simple moving average is $22.09 and its 200 day simple moving average is $22.45. The firm has a market capitalization of $16.95 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 7.01 and a beta of 1.17. Annaly Capital Management Inc has a 1-year low of $18.64 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Research analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.0%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NLY. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler cut their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. UBS Group reiterated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.11.

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.