Annaly Capital Management Inc $NLY Stock Acquired by B. Riley Wealth Advisors Inc.

Key Points

• B. Riley Wealth Advisors increased its Annaly Capital Management stake by 866.1% in the third quarter, holding 161,005 shares valued at approximately $3.04 million. Institutional investors collectively own 51.56% of NLY.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $23.61, although several firms recently lowered their targets.
• Annaly reported quarterly earnings of $0.79 per share, beating estimates of $0.75, and declared a $0.75 quarterly dividend. The annualized payout of $3.00 represents a 16.5% dividend yield.

B. Riley Wealth Advisors Inc. increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 866.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,005 shares of the real estate investment trust's stock after purchasing an additional 144,339 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Annaly Capital Management were worth $3,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Annaly Capital Management by 6.7% in the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust's stock valued at $1,950,230,000 after buying an additional 5,485,296 shares during the last quarter. State Street Corp grew its stake in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust's stock valued at $679,468,000 after purchasing an additional 1,272,235 shares in the last quarter. KBC Group NV increased its position in shares of Annaly Capital Management by 44.2% during the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust's stock worth $105,243,000 after purchasing an additional 1,525,251 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Annaly Capital Management by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust's stock worth $104,961,000 after purchasing an additional 248,335 shares during the last quarter. Finally, Amundi increased its holdings in Annaly Capital Management by 35.2% during the first quarter. Amundi now owns 3,361,211 shares of the real estate investment trust's stock worth $71,090,000 after buying an additional 875,331 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research report on Tuesday, October 6th. Wells Fargo & Company dropped their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, BTIG Research set a $21.00 price objective on shares of Annaly Capital Management and gave the stock a "buy" rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.61.

Annaly Capital Management Stock Down 0.1%

Shares of Annaly Capital Management stock opened at $18.14 on Thursday. The firm's 50-day moving average price is $21.49 and its two-hundred day moving average price is $21.96. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 4.55, a PEG ratio of 1.43 and a beta of 1.21. Annaly Capital Management Inc has a 12-month low of $17.76 and a 12-month high of $24.52.

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

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.5%. Annaly Capital Management's dividend payout ratio is 75.19%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is focused on generating income from investments in agency mortgage-backed securities, which are guaranteed by a U.S. government-sponsored enterprise or government agency.

In addition to agency securities, Annaly invests in residential credit assets, including non-agency mortgage-backed securities and other residential loans.

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