52,247 Shares in Annaly Capital Management Inc $NLY Purchased by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory acquired 52,247 shares of Annaly Capital Management in the second quarter, valued at approximately $1.17 million. Institutional investors collectively own 51.56% of NLY’s outstanding stock.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $24.33.
• Annaly reported quarterly earnings of $0.79 per share, exceeding estimates, and raised its quarterly dividend to $0.75. The annualized dividend of $3.00 represents a yield of approximately 12.9%.

Trivium Point Advisory LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,247 shares of the real estate investment trust's stock, valued at approximately $1,168,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Global Retirement Partners LLC bought a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $441,000. Alberta Investment Management Corp purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at $8,544,000. Silverlake Wealth Management LLC purchased a new stake in Annaly Capital Management during the second quarter valued at about $254,000. Russell Investments Group Ltd. lifted its holdings in Annaly Capital Management by 5.2% during the second quarter. Russell Investments Group Ltd. now owns 1,681,567 shares of the real estate investment trust's stock valued at $37,757,000 after purchasing an additional 82,731 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in Annaly Capital Management during the second quarter worth about $330,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

NLY has been the subject of several recent research reports. UBS Group reiterated a "neutral" rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Zacks Research upgraded shares of Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Piper Sandler boosted their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their price objective on Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $23.33 on Monday. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The stock has a market cap of $17.58 billion, a P/E ratio of 5.85, a PEG ratio of 6.09 and a beta of 1.16. The firm's fifty day moving average price is $22.61 and its 200-day moving average price is $22.38.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. Sell-side analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 12.9%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 75.19%.

Annaly Capital Management Company Profile

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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