Ibex Wealth Advisors Grows Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Ibex Wealth Advisors increased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 296,437 shares of the real estate investment trust's stock after purchasing an additional 15,283 shares during the quarter. Ibex Wealth Advisors' holdings in Annaly Capital Management were worth $6,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jupiter Wealth Management LLC raised its holdings in Annaly Capital Management by 3.4% in the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 492 shares during the period. Proffitt & Goodson Inc. increased its stake in Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after buying an additional 505 shares in the last quarter. Cannell & Spears LLC increased its stake in Annaly Capital Management by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after buying an additional 518 shares in the last quarter. LVZ Inc. increased its stake in Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after buying an additional 521 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after buying an additional 549 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada cut their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Piper Sandler cut their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded down $0.31 during trading on Friday, reaching $19.18. 5,778,375 shares of the stock traded hands, compared to its average volume of 6,615,833. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 4.89 and a beta of 1.23. The business has a fifty day simple moving average of $18.91 and a two-hundred day simple moving average of $19.71. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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 return on equity of 14.95% and a net margin of 20.70%. On average, research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

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 $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.60%. Annaly Capital Management's dividend payout ratio is currently 314.61%.

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.