16,076 Shares in Annaly Capital Management Inc $NLY Bought by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC purchased 16,076 shares of Annaly Capital Management, valued at approximately $303,000, in the second quarter of 2023.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, representing an annualized dividend yield of 13.5%, with a payout ratio of 277.23%.
• The company reported a net revenue of $273.20 million for the last quarter, exceeding estimates and achieving an earnings per share (EPS) of $0.73.

Apollon Wealth Management LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,076 shares of the real estate investment trust's stock, valued at approximately $303,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co purchased a new stake in Annaly Capital Management during the first quarter worth about $466,000. Bessemer Group Inc. grew its position in Annaly Capital Management by 11.7% during the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after buying an additional 811 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after purchasing an additional 196,489 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Annaly Capital Management by 8.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust's stock valued at $7,464,000 after purchasing an additional 28,570 shares in the last quarter. Finally, Wealthstar Advisors LLC bought a new position in Annaly Capital Management during the first quarter valued at approximately $593,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Up 1.2%

NLY opened at $20.77 on Friday. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 4.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The stock's 50 day moving average price is $21.09 and its 200-day moving average price is $19.92.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's payout ratio is currently 277.23%.

Analyst Ratings Changes

A number of equities analysts have commented on NLY shares. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a "cautious" rating in a research note on Monday, October 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.13.

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.

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