Impact Partnership Wealth LLC Acquires Shares of 19,987 Annaly Capital Management Inc (NYSE:NLY)

Impact Partnership Wealth LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,987 shares of the real estate investment trust's stock, valued at approximately $406,000.

Other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management during the first quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth $36,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $39,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth $60,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.7%

Shares of NLY stock traded up $0.14 on Friday, hitting $19.86. 5,179,947 shares of the stock were exchanged, compared to its average volume of 6,936,294. The firm has a market capitalization of $11.87 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 4.38 and a beta of 1.22. The business has a 50-day moving average of $19.30 and a 200 day moving average of $19.71. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its 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 return on equity of 15.31% and a net margin of 13.10%. The business had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. As a group, research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.10%. Annaly Capital Management's payout ratio is presently 314.61%.

Analysts Set New Price Targets

NLY has been the subject of a number of research analyst reports. UBS Group reissued a "neutral" rating and issued a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Piper Sandler decreased their target price 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 reissued a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price 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. Finally, Royal Bank Of Canada decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.90.

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.