Aviva PLC Grows Holdings in Annaly Capital Management Inc $NLY

Aviva PLC raised its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,429 shares of the real estate investment trust’s stock after purchasing an additional 74,991 shares during the quarter. Aviva PLC owned 0.07% of Annaly Capital Management worth $8,383,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NLY. JCSD Capital LLC purchased a new stake in Annaly Capital Management in the 2nd quarter valued at about $941,000. Summit Investment Advisors Inc. raised its stake in shares of Annaly Capital Management by 1.4% during the first quarter. Summit Investment Advisors Inc. now owns 113,795 shares of the real estate investment trust’s stock valued at $2,311,000 after acquiring an additional 1,520 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $1,153,000. Pekin Hardy Strauss Inc. grew its stake in Annaly Capital Management by 8.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 31,274 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 2,375 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its holdings in Annaly Capital Management by 22.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 92,683 shares of the real estate investment trust’s stock worth $1,744,000 after purchasing an additional 17,161 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 1.0%

NYSE NLY opened at $21.79 on Thursday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The company has a 50 day moving average price of $21.24 and a 200 day moving average price of $20.32. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14.88 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27.

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

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is currently 129.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NLY. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Royal Bank Of Canada boosted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 25th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.71.

About Annaly Capital Management

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.