Focus Partners Advisor Solutions LLC Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Focus Partners Advisor Solutions LLC increased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 361.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,448 shares of the real estate investment trust's stock after purchasing an additional 37,160 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Annaly Capital Management were worth $868,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. First Heartland Consultants Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $191,000. Continuum Advisory LLC lifted its position in Annaly Capital Management by 94.3% in the 4th quarter. Continuum Advisory LLC now owns 24,345 shares of the real estate investment trust's stock valued at $446,000 after acquiring an additional 11,818 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Annaly Capital Management by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock valued at $86,217,000 after acquiring an additional 730,207 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Annaly Capital Management during the 4th quarter valued at $2,571,000. Finally, Tidal Investments LLC lifted its holdings in shares of Annaly Capital Management by 9.0% during the 4th quarter. Tidal Investments LLC now owns 14,394 shares of the real estate investment trust's stock valued at $263,000 after buying an additional 1,190 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

NYSE NLY traded down $0.02 on Thursday, hitting $19.07. The stock had a trading volume of 5,074,163 shares, compared to its average volume of 6,373,828. The business's fifty day moving average price is $19.15 and its 200 day moving average price is $19.76. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.

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 (EPS) 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 business had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.70 dividend. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.69%. The ex-dividend date was Monday, March 31st. Annaly Capital Management's payout ratio is currently 314.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Piper Sandler cut their price objective on 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.