Ibex Wealth Advisors Purchases 15,283 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Ibex Wealth Advisors boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,437 shares of the real estate investment trust's stock after acquiring an additional 15,283 shares during the quarter. Ibex Wealth Advisors' holdings in Annaly Capital Management were worth $6,021,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wernau Asset Management Inc. acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth about $229,000. Charles Schwab Investment Management Inc. increased its position in 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 worth $66,105,000 after acquiring an additional 393,581 shares during the period. Bayesian Capital Management LP bought a new position in shares of Annaly Capital Management in the fourth quarter worth $730,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Annaly Capital Management during the 4th quarter worth $4,448,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at $4,909,000. Institutional investors own 51.56% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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 decreased their target price on 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. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Piper Sandler dropped their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Stock Down 0.3%

Shares of NYSE:NLY traded down $0.07 during midday trading on Wednesday, reaching $19.31. The company's stock had a trading volume of 7,316,359 shares, compared to its average volume of 6,591,393. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. The business has a 50 day moving average price of $18.86 and a 200 day moving average price of $19.71. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given 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 dividend yield of 14.50%. Annaly Capital Management's dividend payout ratio (DPR) is presently 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.