TD Asset Management Inc Has $7.70 Million Stake in Annaly Capital Management Inc $NLY

TD Asset Management Inc lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 65.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 344,125 shares of the real estate investment trust’s stock after buying an additional 136,668 shares during the quarter. TD Asset Management Inc owned about 0.05% of Annaly Capital Management worth $7,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NLY. Fourth Dimension Wealth LLC grew its position in shares of Annaly Capital Management by 76.9% during the 4th 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 during the period. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $29,000. TD Private Client Wealth LLC grew its position in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the period. Elevation Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $39,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Annaly Capital Management in the 4th quarter worth $39,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NLY. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. JonesTrading reiterated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Piper Sandler cut their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.22.

Annaly Capital Management Stock Up 3.4%

Shares of NLY opened at $21.68 on Wednesday. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52. The business’s fifty day moving average is $21.93 and its 200 day moving average is $22.48. The stock has a market cap of $15.88 billion, a P/E ratio of 7.32, a P/E/G ratio of 6.40 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. On average, analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend 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.