Annaly Capital Management Inc $NLY Stock Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Annaly Capital Management Inc (NYSE:NLY) by 46.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 915,414 shares of the real estate investment trust’s stock after buying an additional 291,048 shares during the period. Illinois Municipal Retirement Fund owned about 0.12% of Annaly Capital Management worth $17,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Annaly Capital Management by 6.7% during the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. State Street Corp grew its position in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after acquiring an additional 1,272,235 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Annaly Capital Management by 8.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,537,956 shares of the real estate investment trust’s stock valued at $234,460,000 after acquiring an additional 1,001,289 shares during the last quarter. KBC Group NV increased its stake in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after acquiring an additional 1,525,251 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after acquiring an additional 248,335 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NLY. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. BTIG Research set a $21.00 price objective on Annaly Capital Management and gave the stock a “buy” rating in a report on Tuesday, October 6th. Wells Fargo & Company set a $22.00 price objective on Annaly Capital Management and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada set a $21.00 price objective on Annaly Capital Management and gave the company an “outperform” rating in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Annaly Capital Management from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, October 22nd. One investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

Annaly Capital Management Stock Performance

Shares of NLY opened at $18.34 on Thursday. Annaly Capital Management Inc has a fifty-two week low of $17.70 and a fifty-two week high of $24.52. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.43 and a beta of 1.24. The firm has a 50 day moving average price of $19.60 and a 200-day moving average price of $21.75.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. As a group, equities research analysts predict that Annaly Capital Management Inc will post 3.13 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 16.4%. Annaly Capital Management’s payout ratio is currently 209.79%.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, Director Scott Wede purchased 50,000 shares of the business’s stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $940,000.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $940,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Annaly Capital Management Profile

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights. The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.