Belpointe Asset Management LLC Has $1.06 Million Holdings in Annaly Capital Management Inc $NLY

Key Points

• Belpointe Asset Management LLC increased its stake in Annaly Capital Management Inc by 31.3%, holding $1.06 million worth of shares after acquiring an additional 12,444 shares in the first quarter.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, resulting in a 12.6% dividend yield and a payout ratio of 277.23%.
• The company's stock price recently opened at $22.16, and it posted earnings of $0.73 per share, exceeding analysts' expectations of $0.72.

Belpointe Asset Management LLC lifted its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 31.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,192 shares of the real estate investment trust's stock after buying an additional 12,444 shares during the period. Belpointe Asset Management LLC's holdings in Annaly Capital Management were worth $1,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NLY. Diversified Trust Co acquired a new stake in Annaly Capital Management during the 1st quarter valued at $466,000. Bessemer Group Inc. increased its holdings in Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock valued at $157,000 after purchasing an additional 811 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in Annaly Capital Management during the 1st quarter valued at $441,000. Ibex Wealth Advisors increased its holdings in Annaly Capital Management by 5.4% during the 1st quarter. Ibex Wealth Advisors now owns 296,437 shares of the real estate investment trust's stock valued at $6,021,000 after purchasing an additional 15,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Annaly Capital Management by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after purchasing an additional 196,489 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.3%

NYSE NLY opened at $22.16 on Friday. The stock has a fifty day moving average of $20.67 and a 200-day moving average of $20.00. The stock has a market capitalization of $14.23 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 5.24 and a beta of 1.24. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company 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%. On average, equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.6%. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NLY shares. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, UBS Group lifted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $20.83.

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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