New York State Common Retirement Fund Grows Position in Annaly Capital Management Inc $NLY

New York State Common Retirement Fund boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,484 shares of the real estate investment trust’s stock after acquiring an additional 52,200 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Annaly Capital Management worth $8,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth $25,000. Delos Wealth Advisors LLC purchased a new stake in Annaly Capital Management during the 2nd quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth about $29,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Annaly Capital Management in the 2nd quarter valued at about $34,000. Finally, Assetmark Inc. increased its holdings in shares of Annaly Capital Management by 97.5% in the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $23.03 on Thursday. The stock has a market cap of $15.73 billion, a P/E ratio of 8.28, a P/E/G ratio of 7.08 and a beta of 1.24. The firm has a fifty day moving average price of $23.08 and a 200 day moving average price of $21.82. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

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

Wall Street Analyst Weigh In

NLY has been the subject of a number of research analyst reports. Jones Trading upped their price target on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Piper Sandler restated an “overweight” rating and issued a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Seven 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.89.

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.