Cambridge Investment Research Advisors Inc. Increases Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

Cambridge Investment Research Advisors Inc. raised its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 367,519 shares of the real estate investment trust's stock after purchasing an additional 28,570 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of Annaly Capital Management worth $7,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Inlight Wealth Management LLC bought a new stake in Annaly Capital Management during the first quarter valued at approximately $25,000. Aspire Private Capital LLC boosted its stake in shares of Annaly Capital Management by 11.4% during the 1st quarter. Aspire Private Capital LLC now owns 20,612 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 2,110 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Annaly Capital Management by 2.5% during the 1st quarter. Retirement Systems of Alabama now owns 925,882 shares of the real estate investment trust's stock worth $18,805,000 after acquiring an additional 22,352 shares during the last quarter. United Advisor Group LLC grew its position in shares of Annaly Capital Management by 1.5% during the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock valued at $1,196,000 after acquiring an additional 847 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Annaly Capital Management by 98.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust's stock worth $1,305,000 after purchasing an additional 31,914 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NLY opened at $19.46 on Friday. The firm has a market cap of $11.63 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 4.24 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. The company has a 50 day simple moving average of $19.14 and a two-hundred day simple moving average of $19.67.

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 for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The firm 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%. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.39%. Annaly Capital Management's payout ratio is 314.61%.

Analyst Ratings Changes

NLY has been the topic of several analyst reports. Jones Trading reiterated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Piper Sandler dropped their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Company 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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