Annaly Capital Management Inc $NLY Position Increased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 230,574 shares of the real estate investment trust’s stock after purchasing an additional 7,295 shares during the quarter. Yousif Capital Management LLC’s holdings in Annaly Capital Management were worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after acquiring an additional 1,634,883 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Annaly Capital Management during the second quarter valued at $100,216,000. Bank of New York Mellon Corp boosted its holdings in shares of Annaly Capital Management by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust’s stock valued at $83,382,000 after acquiring an additional 64,513 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust’s stock valued at $77,356,000 after acquiring an additional 196,489 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after acquiring an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY stock opened at $20.83 on Thursday. The company has a market capitalization of $13.37 billion, a P/E ratio of 20.62, a PEG ratio of 4.91 and a beta of 1.25. The company has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $19.91. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $237.00 million. Sell-side analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 13.4%. Annaly Capital Management’s payout ratio is 277.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NLY. Royal Bank Of Canada boosted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. Jones Trading reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Hold” and a consensus price target of $21.13.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.