Annaly Capital Management Inc $NLY Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 825,883 shares of the real estate investment trust’s stock after buying an additional 128,613 shares during the period. BNP Paribas Financial Markets’ holdings in Annaly Capital Management were worth $18,467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Koshinski Asset Management Inc. boosted its holdings in shares of Annaly Capital Management by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 463 shares in the last quarter. ProShare Advisors LLC boosted its stake in Annaly Capital Management by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 481 shares during the period. MCF Advisors LLC boosted its stake in Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the period. Fourth Dimension Wealth LLC boosted its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 524 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY stock opened at $21.23 on Friday. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52. The stock has a market capitalization of $15.56 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 6.48 and a beta of 1.17. The company has a fifty day moving average of $21.91 and a 200-day moving average of $22.47.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 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 company had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Equities analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JonesTrading reiterated a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Piper Sandler decreased their price target on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target 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.