Johnson Investment Counsel Inc. Makes New $1.03 Million Investment in Annaly Capital Management Inc (NYSE:NLY)

Johnson Investment Counsel Inc. purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,625 shares of the real estate investment trust's stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLY. State of Alaska Department of Revenue increased its position in shares of Annaly Capital Management by 6.1% in the first quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust's stock valued at $1,376,000 after acquiring an additional 3,870 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in Annaly Capital Management by 271.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 48,550 shares of the real estate investment trust's stock valued at $976,000 after purchasing an additional 35,476 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Annaly Capital Management by 3.9% during the 1st quarter. QRG Capital Management Inc. now owns 347,737 shares of the real estate investment trust's stock worth $7,063,000 after purchasing an additional 12,957 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Annaly Capital Management by 7,498.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 37,154 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 36,665 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Annaly Capital Management by 13.0% during the 1st quarter. Ritholtz Wealth Management now owns 23,721 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 2,726 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NLY traded down $0.09 on Wednesday, reaching $19.27. The company had a trading volume of 7,814,523 shares, compared to its average volume of 6,749,800. The stock has a market cap of $11.51 billion, a P/E ratio of 21.65, a P/E/G ratio of 4.27 and a beta of 1.23. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company's fifty day moving average is $19.08 and its 200 day moving average is $19.68.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating 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 15.31% and a net margin of 13.10%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 14.53%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio is 314.61%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NLY shares. JPMorgan Chase & Co. decreased their target price 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 price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Piper Sandler lowered their price objective on shares of 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 reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

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.