Pinnacle Wealth Planning Services Inc. Invests $292,000 in Annaly Capital Management Inc $NLY

Key Points

• Pinnacle Wealth Planning Services Inc. has made a new investment of approximately $292,000 in Annaly Capital Management by acquiring 14,393 shares.
• Multiple institutional investors, including Inlight Wealth Management and Financial Gravity Asset Management, have also initiated positions in Annaly Capital Management during the first quarter.
• Annaly Capital Management recently reported earnings of $0.73 per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.70 per share with a yield of 13.2%.

Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,393 shares of the real estate investment trust's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ieq Capital LLC acquired a new stake in shares of Annaly Capital Management in the first quarter valued at about $215,000. Quadcap Wealth Management LLC acquired a new stake in Annaly Capital Management during the first quarter worth $402,000. Samalin Investment Counsel LLC increased its stake in Annaly Capital Management by 3.0% in the first quarter. Samalin Investment Counsel LLC now owns 27,518 shares of the real estate investment trust's stock valued at $559,000 after acquiring an additional 796 shares during the period. FORA Capital LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter worth approximately $1,303,000. Finally, Corebridge Financial Inc. raised its stake in Annaly Capital Management by 0.7% during the first quarter. Corebridge Financial Inc. now owns 638,700 shares of the real estate investment trust's stock worth $12,972,000 after acquiring an additional 4,425 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded up $0.36 during mid-day trading on Thursday, reaching $21.85. 5,874,425 shares of the company were exchanged, compared to its average volume of 7,643,895. The firm has a market cap of $14.03 billion, a PE ratio of 21.64, a PEG ratio of 5.02 and a beta of 1.24. The company has a fifty day simple moving average of $20.33 and a 200-day simple moving average of $19.97. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The firm 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%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NLY shares. UBS Group lifted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.83.

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.