Man Group plc Acquires New Holdings in Annaly Capital Management Inc $NLY

Man Group plc purchased a new position in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 261,765 shares of the real estate investment trust’s stock, valued at approximately $5,853,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after buying an additional 5,485,296 shares in the last quarter. State Street Corp raised its position in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Annaly Capital Management by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after acquiring an additional 1,503,559 shares during the last quarter. Norges Bank acquired a new stake in Annaly Capital Management in the 4th quarter valued at about $162,477,000. Finally, Morgan Stanley boosted its position in shares of Annaly Capital Management by 33.5% during 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 in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NLY. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler increased their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Annaly Capital Management Stock Up 0.0%

Annaly Capital Management stock opened at $23.07 on Friday. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52. The stock has a market cap of $17.39 billion, a P/E ratio of 5.78, a P/E/G ratio of 6.02 and a beta of 1.16. The company’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $22.39.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (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 business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. On average, equities research analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a $0.75 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.

Annaly Capital Management 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.