Hsbc Holdings PLC Has $5.20 Million Stock Holdings in Annaly Capital Management Inc $NLY

Hsbc Holdings PLC decreased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 10.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 232,584 shares of the real estate investment trust’s stock after selling 26,386 shares during the period. Hsbc Holdings PLC’s holdings in Annaly Capital Management were worth $5,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NLY. AQR Capital Management LLC lifted its position in shares of Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Annaly Capital Management by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 4,205 shares during the last quarter. Millennium Management LLC grew its position in Annaly Capital Management by 17.4% in the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after acquiring an additional 80,481 shares during the last quarter. NewEdge Advisors LLC raised its stake in 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 acquiring an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 1.6%

NYSE NLY opened at $22.92 on Friday. The firm has a market capitalization of $16.79 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 7.01 and a beta of 1.17. The business’s 50-day moving average price is $22.07 and its two-hundred day moving average price is $22.45. Annaly Capital Management Inc has a 12 month low of $18.64 and a 12 month high of $24.52.

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

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.1%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NLY. 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 objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Piper Sandler lowered 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 report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.