XTX Topco Ltd Invests $806,000 in Annaly Capital Management, Inc. (NYSE:NLY)

XTX Topco Ltd acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 42,282 shares of the real estate investment trust’s stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Beaird Harris Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 500 shares during the period. Redmont Wealth Advisors LLC raised its holdings in shares of Annaly Capital Management by 20.6% during the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 559 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 562 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Annaly Capital Management by 3.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 597 shares during the last quarter. Finally, Retirement Group LLC raised its holdings in shares of Annaly Capital Management by 27.7% during the first quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 687 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NLY. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, Compass Point lifted their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.38.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Up 0.4 %

NLY stock opened at $20.88 on Monday. The stock has a market capitalization of $10.45 billion, a P/E ratio of -21.53 and a beta of 1.52. The firm has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $19.69. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, analysts expect that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.45%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

About Annaly Capital Management

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.