24,315 Shares in Annaly Capital Management Inc (NYSE:NLY) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC invested approximately $494,000 to acquire 24,315 shares of Annaly Capital Management Inc in the first quarter, marking a notable addition to their portfolio.
• Annaly Capital Management reported a quarterly earnings per share (EPS) of $0.73, exceeding the consensus estimate by $0.01, while generating revenues of $273.20 million against expectations of $237.00 million.
• Annaly declared a quarterly dividend of $0.70 per share, yielding an annualized dividend of $2.80 with a payout ratio of 277.23%, indicating strong returns for shareholders despite a high payout ratio.

Fiduciary Family Office LLC acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,315 shares of the real estate investment trust's stock, valued at approximately $494,000.

Several other large investors have also recently added to or reduced their stakes in NLY. Inlight Wealth Management LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $36,000. MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $39,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler cut their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods boosted 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.72.

Annaly Capital Management Trading Down 0.4%

Annaly Capital Management stock traded down $0.09 during mid-day trading on Thursday, hitting $20.78. 3,033,231 shares of the company's stock were exchanged, compared to its average volume of 7,768,566. The firm has a market capitalization of $13.34 billion, a P/E ratio of 20.57, a PEG ratio of 4.88 and a beta of 1.20. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The company's 50 day simple moving average is $19.79 and its 200-day simple moving average is $19.92.

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 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 analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's dividend payout ratio is presently 277.23%.

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.