J.W. Cole Advisors Inc. Increases Holdings in Annaly Capital Management Inc (NYSE:NLY)

J.W. Cole Advisors Inc. grew its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 35.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,421 shares of the real estate investment trust's stock after purchasing an additional 32,179 shares during the period. J.W. Cole Advisors Inc.'s holdings in Annaly Capital Management were worth $2,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jupiter Wealth Management LLC lifted its position in Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares in the last quarter. Cannell & Spears LLC lifted its position in shares of Annaly Capital Management by 1.3% in the fourth 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. Intech Investment Management LLC lifted its position in shares of Annaly Capital Management by 3.1% in the fourth quarter. Intech Investment Management LLC now owns 18,933 shares of the real estate investment trust's stock worth $346,000 after buying an additional 571 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Annaly Capital Management by 3.2% in the first quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock worth $472,000 after buying an additional 725 shares in the last quarter. Finally, Guidance Point Advisors LLC raised its position in Annaly Capital Management by 4.9% during the fourth quarter. Guidance Point Advisors LLC now owns 16,530 shares of the real estate investment trust's stock valued at $302,000 after purchasing an additional 768 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.4%

Shares of NYSE:NLY opened at $19.95 on Tuesday. 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 $11.92 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 4.38 and a beta of 1.22. The business's 50 day moving average is $19.30 and its 200 day moving average is $19.72.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations 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 anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.04%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NLY shares. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank Of Canada decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Piper Sandler cut their target price on 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. Finally, UBS Group reaffirmed a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.

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