Teacher Retirement System of Texas Purchases 9,002 Shares of Annaly Capital Management Inc $NLY

Teacher Retirement System of Texas grew its position in Annaly Capital Management Inc (NYSE:NLY) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,743 shares of the real estate investment trust’s stock after purchasing an additional 9,002 shares during the quarter. Teacher Retirement System of Texas’ holdings in Annaly Capital Management were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Annaly Capital Management in the first quarter worth approximately $28,000. Twin Tree Management LP bought a new position in shares of Annaly Capital Management in the first quarter worth approximately $29,000. MCF Advisors LLC boosted its position in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,598 shares during the period. Bogart Wealth LLC boosted its position in shares of Annaly Capital Management by 416.7% in the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,000 shares during the period. Finally, Quarry LP boosted its position in shares of Annaly Capital Management by 105.9% in the first quarter. Quarry LP now owns 2,496 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,284 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 1.0%

NYSE NLY opened at $21.50 on Wednesday. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. The stock has a 50 day moving average price of $21.16 and a 200-day moving average price of $20.19. The company has a market capitalization of $13.81 billion, a P/E ratio of 9.96, a P/E/G ratio of 6.47 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The business had revenue of $885.58 million during the quarter, compared to analyst estimates of $493.55 million. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

Analyst Ratings Changes

A number of research firms have weighed in on NLY. Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the stock a “cautious” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.71.

Annaly Capital Management Company 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.