LPL Financial LLC Increases Stock Position in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• LPL Financial LLC increased its stake in Annaly Capital Management by 23.7% during the first quarter, owning a total of 851,397 shares valued at approximately $17.3 million.
• Analysts have mixed opinions on Annaly Capital Management, with price targets varying from $19.00 to $21.50, and the stock receiving an average rating of "Moderate Buy".
• Annaly Capital Management declared a quarterly dividend of $0.70, equating to an annualized dividend of $2.80 and a yield of 13.6%.

LPL Financial LLC boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 23.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 851,397 shares of the real estate investment trust's stock after acquiring an additional 163,012 shares during the quarter. LPL Financial LLC owned 0.14% of Annaly Capital Management worth $17,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after buying an additional 8,272,674 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Annaly Capital Management by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after buying an additional 730,207 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Annaly Capital Management by 135.6% during the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock worth $23,157,000 after buying an additional 728,307 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Annaly Capital Management by 32.6% during the fourth quarter. Invesco Ltd. now owns 2,364,385 shares of the real estate investment trust's stock worth $43,268,000 after buying an additional 580,789 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Up 0.1%

NLY stock traded up $0.02 during trading on Friday, hitting $20.60. 4,314,003 shares of the company traded hands, compared to its average volume of 7,829,011. The company has a 50-day moving average of $19.66 and a 200-day moving average of $19.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11. The firm has a market capitalization of $13.22 billion, a PE ratio of 20.39, a P/E/G ratio of 4.88 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.6%. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

Analysts Set New Price Targets

NLY has been the topic of several recent research reports. Piper Sandler cut their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. UBS Group reissued a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Royal Bank Of Canada lowered their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

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.