California State Teachers Retirement System Has $34.49 Million Stake in Annaly Capital Management Inc $NLY

California State Teachers Retirement System boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,630,670 shares of the real estate investment trust’s stock after acquiring an additional 37,747 shares during the quarter. California State Teachers Retirement System owned 0.22% of Annaly Capital Management worth $34,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Horizon Investments LLC bought a new stake in Annaly Capital Management in the 4th quarter valued at approximately $7,946,000. Vanguard Group Inc. grew its stake in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Annaly Capital Management by 165.4% during the 4th quarter. DNB Asset Management AS now owns 336,067 shares of the real estate investment trust’s stock worth $7,514,000 after acquiring an additional 209,435 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Annaly Capital Management by 3.9% in the fourth quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock valued at $44,379,000 after purchasing an additional 74,074 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $162,477,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on NLY shares. Piper Sandler boosted their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. JonesTrading reaffirmed a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Stock Down 1.5%

NLY stock opened at $22.73 on Friday. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 6.03 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The business has a 50 day moving average price of $22.30 and a two-hundred day moving average price of $22.45.

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

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.2%. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

Annaly Capital Management Company 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.