Annaly Capital Management Inc $NLY Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519,768 shares of the real estate investment trust’s stock after purchasing an additional 104,400 shares during the quarter. TD Asset Management Inc owned approximately 0.07% of Annaly Capital Management worth $11,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC increased its stake in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management during the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its position in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $23.33 on Friday. The company has a market capitalization of $17.58 billion, a P/E ratio of 5.85, a PEG 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. The company’s fifty day moving average is $22.61 and its two-hundred day moving average is $22.40.

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

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 12.9%. Annaly Capital Management’s payout ratio is presently 75.19%.

Analysts Set New Price Targets

NLY has been the subject of several research analyst reports. UBS Group restated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Zacks Research raised Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.33.

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.