Principal Financial Group Inc. Boosts Stock Position in Annaly Capital Management Inc $NLY

Principal Financial Group Inc. boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,426,229 shares of the real estate investment trust’s stock after purchasing an additional 45,269 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Annaly Capital Management worth $28,824,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Financial Gravity Companies Inc. purchased a new stake in Annaly Capital Management during the second quarter valued at approximately $25,000. Delos Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management during the second quarter worth $28,000. Evolution Wealth Management Inc. purchased a new stake in shares of Annaly Capital Management during the 2nd quarter valued at $29,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management in the 2nd quarter worth $34,000. Finally, AlphaQuest LLC acquired a new stake in shares of Annaly Capital Management in the 3rd quarter worth $45,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Down 0.4%

NLY opened at $22.88 on Friday. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $24.52. The firm has a 50 day moving average of $23.08 and a two-hundred day moving average of $21.84. The firm has a market capitalization of $15.63 billion, a PE ratio of 8.23, a P/E/G ratio of 7.13 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. As a group, analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.2%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 100.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NLY. Royal Bank Of Canada increased their price target on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and set a $25.00 price target (up previously from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.11.

About Annaly Capital Management

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.