Annaly Capital Management Inc (NYSE:NLY) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,090,296 shares of the real estate investment trust’s stock after acquiring an additional 18,783 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Annaly Capital Management were worth $22,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD grew its position in Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust’s stock worth $630,007,000 after buying an additional 8,272,674 shares during the last quarter. Geode Capital Management LLC grew its position in Annaly Capital Management by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust’s stock worth $172,706,000 after buying an additional 814,917 shares during the last quarter. Northern Trust Corp grew its position in Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust’s stock worth $138,853,000 after buying an additional 3,606,366 shares during the last quarter. Finally, Norges Bank acquired a new position in Annaly Capital Management in the fourth quarter worth approximately $127,397,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Piper Sandler decreased their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Finally, Jones Trading restated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.37 on Friday. The company has a 50 day moving average price of $19.23 and a 200 day moving average price of $19.65. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 4.26 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Equities analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.46%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 314.61%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.