Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Annaly Capital Management Inc $NLY

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 22.2% in the second quarter, Holdings Channel reports. The firm owned 865,318 shares of the real estate investment trust’s stock after acquiring an additional 157,375 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Annaly Capital Management were worth $19,349,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC lifted its stake in shares of 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 worth $26,000 after buying an additional 500 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,136 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. bought a new position in Annaly Capital Management in the 4th quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC lifted its position in Annaly Capital Management by 361.3% in the 4th 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 in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NLY. Zacks Research raised Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Piper Sandler upped their price target on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Wells Fargo & Company reduced their price objective on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $23.36 on Friday. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 6.20 and a beta of 1.16. The stock’s 50-day simple moving average is $22.76 and its two-hundred day simple moving average is $22.37.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. As a group, equities analysts forecast that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

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.