Texas Permanent School Fund Corp Has $8.61 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Texas Permanent School Fund Corp boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 437,314 shares of the real estate investment trust’s stock after buying an additional 6,083 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of Annaly Capital Management worth $8,611,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors Inc. raised its holdings in Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of Annaly Capital Management in the first quarter valued at about $29,000. GAMMA Investing LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $33,000. First United Bank & Trust purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $33,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Compass Point began coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.07.

Annaly Capital Management Price Performance

Shares of NLY traded up $0.55 during trading hours on Thursday, hitting $19.93. The company’s stock had a trading volume of 4,707,770 shares, compared to its average volume of 3,498,565. The company has a market cap of $9.97 billion, a price-to-earnings ratio of -20.55 and a beta of 1.54. The business has a 50 day simple moving average of $19.69 and a two-hundred day simple moving average of $19.36. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter last year, the company earned $0.81 earnings per share. Research analysts predict that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.60 annualized dividend and a dividend yield of 13.05%. Annaly Capital Management’s payout ratio is -268.04%.

Annaly Capital Management Company Profile

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.