Carmignac Gestion Acquires New Shares in Annaly Capital Management Inc $NLY

Carmignac Gestion acquired a new position in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,612 shares of the real estate investment trust’s stock, valued at approximately $528,000.

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

Annaly Capital Management Trading Down 0.3%

Shares of Annaly Capital Management stock traded down $0.06 during mid-day trading on Tuesday, reaching $22.75. 6,699,619 shares of the stock were exchanged, compared to its average volume of 7,519,401. The company has a market cap of $17.15 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The firm has a 50-day simple moving average of $22.89 and a 200 day simple moving average of $22.38. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52.

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 analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. On average, research analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.75 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.2%. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Analyst Ratings Changes

NLY has been the subject of several analyst reports. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management 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.