Annaly Capital Management Inc (NYSE:NLY) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 271.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Norges Bank acquired a new stake in Annaly Capital Management in the fourth quarter valued at $127,397,000. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the last quarter. Northern Trust Corp grew its holdings in Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares in the last quarter. Finally, PL Capital Advisors LLC grew its holdings in Annaly Capital Management by 1,730.0% during the 4th quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock worth $51,105,000 after acquiring an additional 2,640,032 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, 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 report on Tuesday, May 27th. Three research 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, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Price Performance

Shares of NLY opened at $19.17 on Friday. Annaly Capital Management Inc has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a fifty day moving average price of $18.99 and a 200 day moving average price of $19.69. The company has a market cap of $11.45 billion, a P/E ratio of 21.53, a PEG ratio of 4.23 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.61%. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Annaly Capital Management 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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