Y Intercept Hong Kong Ltd Grows Holdings in Annaly Capital Management Inc $NLY

by · The Cerbat Gem

Y Intercept Hong Kong Ltd boosted its holdings in Annaly Capital Management Inc (NYSE:NLY – Free Report) by 92.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,909 shares of the real estate investment trust’s stock after purchasing an additional 91,648 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Annaly Capital Management were worth $3,858,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jupiter Wealth Management LLC increased its position in Annaly Capital Management by 3.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 551 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Annaly Capital Management by 3.5% in the third quarter. Apollon Wealth Management LLC now owns 16,638 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 562 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Annaly Capital Management by 2.9% in the second quarter. Quadcap Wealth Management LLC now owns 20,367 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 572 shares during the last quarter. Guidance Point Advisors LLC increased its holdings in shares of Annaly Capital Management by 3.3% during the third quarter. Guidance Point Advisors LLC now owns 18,223 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 577 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Annaly Capital Management by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust’s stock worth $1,350,000 after purchasing an additional 611 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NLY opened at $23.87 on Monday. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $24.40. The business has a fifty day moving average of $22.83 and a 200 day moving average of $21.62. The firm has a market capitalization of $16.30 billion, a P/E ratio of 11.05, a PEG ratio of 7.37 and a beta of 1.25.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 11.7%. The ex-dividend date is Wednesday, December 31st. Annaly Capital Management’s payout ratio is 129.63%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Jones Trading reiterated a “buy” rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Thursday, October 23rd. Finally, BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.81.

Read Our Latest Analysis on NLY

About Annaly Capital Management

(Free Report)

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.

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