Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 664.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,172 shares of the real estate investment trust's stock after purchasing an additional 35,785 shares during the period. Farther Finance Advisors LLC's holdings in Annaly Capital Management were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Wernau Asset Management Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $229,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Annaly Capital Management by 12.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after buying an additional 393,581 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $730,000. Mercer Global Advisors Inc. ADV purchased a new stake in Annaly Capital Management in the fourth quarter valued at $4,448,000. Finally, APG Asset Management N.V. purchased a new stake in Annaly Capital Management in the fourth quarter valued at $4,909,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Piper Sandler lowered 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 report on Friday, May 2nd. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered 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, Royal Bank of Canada lowered their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Stock Performance

Shares of NLY traded down $0.31 during mid-day trading on Friday, hitting $19.18. 5,778,375 shares of the company were exchanged, compared to its average volume of 6,615,840. 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 moving average of $18.91 and a 200-day moving average of $19.71. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results 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 20.70% and a return on equity of 14.95%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Research 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 annualized dividend and a dividend yield of 14.60%. 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.