Atria Wealth Solutions Inc. Has $3.12 Million Stock Position in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Atria Wealth Solutions Inc. increased its holdings in Annaly Capital Management by 16.4% during the first quarter, bringing its total shares to 151,570, valued at approximately $3.12 million.
• Multiple institutional investors, including Price T Rowe Associates and Northern Trust Corp, significantly raised their positions in Annaly Capital Management during the fourth quarter, indicating strong investor interest.
• Analysts have mixed ratings on Annaly Capital Management, with target prices ranging from $19.00 to $21.50, and a consensus rating of "Moderate Buy" according to MarketBeat.com.

Atria Wealth Solutions Inc. raised its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 16.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,570 shares of the real estate investment trust's stock after purchasing an additional 21,341 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Annaly Capital Management were worth $3,117,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $28,000. MCF Advisors LLC lifted its position in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,598 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $39,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

NYSE NLY traded up $0.18 during midday trading on Tuesday, hitting $20.59. The company had a trading volume of 7,613,260 shares, compared to its average volume of 7,807,478. The company has a market capitalization of $13.22 billion, a PE ratio of 20.39, a P/E/G ratio of 4.88 and a beta of 1.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $19.72 and a 200-day moving average price of $19.91. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.6%. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. UBS Group reissued a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler dropped their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $20.72.

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.