Teacher Retirement System of Texas Invests $1.66 Million in Annaly Capital Management Inc (NYSE:NLY)

Teacher Retirement System of Texas acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 81,741 shares of the real estate investment trust’s stock, valued at approximately $1,660,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in Annaly Capital Management in the 1st quarter valued at about $25,000. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Annaly Capital Management in the 1st quarter worth about $36,000. Larson Financial Group LLC boosted its stake in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Annaly Capital Management during the fourth quarter worth about $39,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a report on Friday, May 2nd. Royal Bank Of Canada decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. UBS Group lifted their target price on Annaly Capital Management from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler dropped their target price on 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 set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $20.90.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.73 on Friday. The firm’s 50-day moving average is $19.25 and its 200-day moving average is $19.67. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 4.36 and a beta of 1.22. Annaly Capital Management Inc has a 52-week low of $16.60 and a 52-week high of $22.11.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.19%. Annaly Capital Management’s payout ratio is 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.