Magnus Financial Group LLC Invests $441,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Magnus Financial Group LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,710 shares of the real estate investment trust's stock, valued at approximately $441,000.

A number of other large investors have also made changes to their positions in NLY. Tandem Financial LLC acquired a new stake in Annaly Capital Management in the 4th quarter valued at approximately $327,000. Wernau Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $229,000. Charles Schwab Investment Management Inc. boosted its position in shares of Annaly Capital Management by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after acquiring an additional 393,581 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $730,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $4,448,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.18 during midday trading on Tuesday, reaching $19.37. The company's stock had a trading volume of 6,242,305 shares, compared to its average volume of 6,575,561. The business's fifty day simple moving average is $18.85 and its 200-day simple moving average is $19.72. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company has a market capitalization of $11.57 billion, a P/E ratio of 12.18, a P/E/G ratio of 4.89 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.46%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analysts Set New Price Targets

NLY has been the subject of a number of recent research reports. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.00.

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.