Nisa Investment Advisors LLC Acquires 114,946 Shares of Annaly Capital Management Inc $NLY

Nisa Investment Advisors LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 73.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,482 shares of the real estate investment trust’s stock after buying an additional 114,946 shares during the period. Nisa Investment Advisors LLC’s holdings in Annaly Capital Management were worth $5,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NLY. Financial Gravity Companies Inc. bought a new stake in shares of Annaly Capital Management during the 2nd quarter valued at $25,000. Delos Wealth Advisors LLC bought a new position in shares of Annaly Capital Management in the 2nd quarter worth $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of Annaly Capital Management during the second quarter worth $29,000. Elevation Point Wealth Partners LLC bought a new stake in Annaly Capital Management in the second quarter valued at about $34,000. Finally, Assetmark Inc. increased its holdings in Annaly Capital Management by 97.5% in the second quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,190 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada raised their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Jones Trading reiterated a “buy” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $22.63.

Annaly Capital Management Price Performance

NYSE:NLY opened at $23.30 on Monday. The business’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $21.31. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $23.93. The stock has a market capitalization of $15.91 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 7.19 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping 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 firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $493.55 million. On average, research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Annaly Capital Management’s payout ratio is currently 129.63%.

Annaly Capital Management Company Profile

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.