Illinois Municipal Retirement Fund Reduces Holdings in Annaly Capital Management Inc $NLY

Illinois Municipal Retirement Fund decreased its position in Annaly Capital Management Inc (NYSE:NLY) by 28.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 59,458 shares of the real estate investment trust’s stock after selling 24,002 shares during the period. Illinois Municipal Retirement Fund’s holdings in Annaly Capital Management were worth $1,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 29,978 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 4,205 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after purchasing an additional 80,481 shares in the last quarter. NewEdge Advisors LLC raised its position in Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 0.0%

Shares of NLY stock opened at $22.99 on Thursday. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52. The stock has a fifty day simple moving average of $23.12 and a two-hundred day simple moving average of $21.98. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 7.06 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 (EPS) for the quarter, beating 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 the consensus estimate of $567.67 million. Research 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. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.2%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s payout ratio is presently 100.72%.

Wall Street Analysts Forecast Growth

NLY has been the topic of several recent research reports. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada raised their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.11.

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.