Louisiana State Employees Retirement System Acquires New Stake in Annaly Capital Management Inc $NLY

Louisiana State Employees Retirement System acquired a new stake in Annaly Capital Management Inc (NYSE:NLY) in the first quarter, Holdings Channel reports. The firm acquired 208,300 shares of the real estate investment trust’s stock, valued at approximately $4,406,000.

Several other large investors have also bought and sold shares of the stock. Koshinski Asset Management Inc. grew its position in shares of Annaly Capital Management by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 463 shares during the last quarter. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. GWN Securities Inc. lifted its stake in shares of Annaly Capital Management by 5.0% in the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 514 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Annaly Capital Management by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 524 shares during the period. Finally, Jupiter Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 551 shares during the period. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group reissued a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. JonesTrading restated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler decreased their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Trading Up 1.6%

NYSE NLY opened at $22.92 on Friday. The company has a fifty day simple moving average of $22.07 and a 200 day simple moving average of $22.45. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52. The company has a market cap of $16.79 billion, a P/E ratio of 7.74, a PEG ratio of 6.89 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Sell-side analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.1%. Annaly Capital Management’s payout ratio is presently 94.59%.

About Annaly Capital Management

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.