Annaly Capital Management Inc $NLY Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,679,569 shares of the real estate investment trust’s stock after buying an additional 60,537 shares during the period. Principal Financial Group Inc.’s holdings in Annaly Capital Management were worth $37,555,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the last quarter. State Street Corp boosted its stake in shares of Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock worth $608,994,000 after acquiring an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock worth $411,031,000 after purchasing an additional 1,503,559 shares in the last quarter. Norges Bank purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth approximately $162,477,000. Finally, Morgan Stanley raised its stake in Annaly Capital Management by 33.5% in the 4th quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock valued at $156,013,000 after purchasing an additional 1,751,509 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

NLY stock opened at $23.33 on Friday. The business has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $22.40. The firm has a market capitalization of $17.58 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. On average, equities research analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 12.9%. The ex-dividend date was Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Analyst Ratings Changes

A number of brokerages have weighed in on NLY. Piper Sandler raised their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. JonesTrading reissued a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $24.33.

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.