Farther Finance Advisors LLC Acquires 35,785 Shares of Annaly Capital Management Inc (NYSE:NLY)

Farther Finance Advisors LLC raised its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 664.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,172 shares of the real estate investment trust's stock after buying an additional 35,785 shares during the quarter. Farther Finance Advisors LLC's holdings in Annaly Capital Management were worth $827,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $31,000. Larson Financial Group LLC increased its position in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $39,000. Smartleaf Asset Management LLC raised its stake in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Annaly Capital Management in the fourth quarter worth $50,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Down 1.0%

Shares of Annaly Capital Management stock traded down $0.19 during mid-day trading on Tuesday, reaching $19.03. 6,093,210 shares of the stock were exchanged, compared to its average volume of 6,648,776. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 4.23 and a beta of 1.23. The firm has a 50-day simple moving average of $18.95 and a 200 day simple moving average of $19.70.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share 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 company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. On average, research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued 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 yield of 14.72%. Annaly Capital Management's dividend payout ratio is 314.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research note 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 report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, Piper Sandler decreased their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.00.

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.