209,165 Shares in Annaly Capital Management Inc $NLY Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 209,165 shares of the real estate investment trust’s stock, valued at approximately $4,677,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fourth Dimension Wealth LLC raised its holdings 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 valued at $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Annaly Capital Management during the 4th quarter valued at $31,000. TD Private Client Wealth LLC lifted its holdings 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 valued at $34,000 after buying an additional 1,178 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Annaly Capital Management during the 4th quarter valued at $37,000. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the subject of several research analyst reports. Wells Fargo & Company cut 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. BTIG Research set a $24.00 price target on Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Piper Sandler increased 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 note on Thursday, July 2nd. One 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 stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Price Performance

NYSE:NLY opened at $22.73 on Thursday. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52. The business has a fifty day moving average price of $22.90 and a 200-day moving average price of $22.38. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 expect 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 declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.75 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.2%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 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.