South Dakota Investment Council Grows Holdings in Annaly Capital Management Inc $NLY

South Dakota Investment Council boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 1,069.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,784 shares of the real estate investment trust’s stock after buying an additional 382,984 shares during the quarter. South Dakota Investment Council owned approximately 0.07% of Annaly Capital Management worth $7,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NLY. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the first quarter valued at about $28,000. Twin Tree Management LP purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at $29,000. MCF Advisors LLC raised its stake in Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,598 shares during the last quarter. Assetmark Inc. boosted its stake in 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 worth $45,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of Annaly Capital Management by 416.7% during the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,000 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $21.17 on Monday. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 6.47 and a beta of 1.25. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The firm has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $20.14.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. On average, analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.2%. The ex-dividend date was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. Jones Trading reaffirmed a “buy” rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.71.

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.