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Kingswood Wealth Advisors LLC Has $976,000 Holdings in Annaly Capital Management Inc (NYSE:NLY)

Annaly Capital Management logo with Finance background

Kingswood Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 271.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,550 shares of the real estate investment trust's stock after acquiring an additional 35,476 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Annaly Capital Management were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NLY. Price T Rowe Associates Inc. MD increased its stake in shares of Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after acquiring an additional 8,272,674 shares during the period. Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $127,397,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after buying an additional 5,859,104 shares in the last quarter. Northern Trust Corp boosted its holdings in Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after buying an additional 3,606,366 shares in the last quarter. Finally, PL Capital Advisors LLC boosted its holdings in Annaly Capital Management by 1,730.0% during the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock worth $51,105,000 after buying an additional 2,640,032 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.1%

Shares of NYSE:NLY traded up $0.02 during trading on Monday, reaching $19.15. 8,645,073 shares of the company traded hands, compared to its average volume of 6,710,033. The firm has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $19.68. The firm has a market cap of $11.44 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 4.21 and a beta of 1.23. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. As a group, research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current 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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.62%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NLY shares. Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler decreased their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada decreased their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.00.

View Our Latest Stock Report on NLY

About Annaly Capital Management

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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