Nissay Asset Management Corp Japan ADV Has $1.25 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Nissay Asset Management Corp Japan ADV raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,177 shares of the real estate investment trust’s stock after purchasing an additional 4,965 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Annaly Capital Management were worth $1,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Park Avenue Securities LLC acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at $213,000. Tallon Kerry Patrick acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at about $671,000. Ritholtz Wealth Management grew its stake in shares of Annaly Capital Management by 36.8% in the fourth quarter. Ritholtz Wealth Management now owns 20,995 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 5,651 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Annaly Capital Management by 7.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 13,553 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 955 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at about $614,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.9%

NLY opened at $19.89 on Monday. The company’s 50 day moving average is $19.55 and its 200-day moving average is $19.77. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The company has a market cap of $11.88 billion, a P/E ratio of 12.51, a PEG ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. On average, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.70 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Piper Sandler decreased their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Jones Trading restated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $21.10.

Annaly Capital Management Company 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.