Sequoia Financial Advisors LLC Purchases 31,241 Shares of Annaly Capital Management Inc $NLY

Sequoia Financial Advisors LLC grew its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 16.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,018 shares of the real estate investment trust's stock after acquiring an additional 31,241 shares during the period. Sequoia Financial Advisors LLC's holdings in Annaly Capital Management were worth $4,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Annaly Capital Management by 83.6% in the first quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 2,236 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Annaly Capital Management by 11.3% in the first quarter. Fifth Third Bancorp now owns 9,808 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 994 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Annaly Capital Management by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,591 shares of the real estate investment trust's stock valued at $1,048,000 after buying an additional 2,903 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Annaly Capital Management by 10.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 14,282 shares of the real estate investment trust's stock valued at $290,000 after buying an additional 1,320 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in Annaly Capital Management by 13.0% in the 1st quarter. Ritholtz Wealth Management now owns 23,721 shares of the real estate investment trust's stock valued at $482,000 after buying an additional 2,726 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada increased their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Barclays set a $20.00 price objective on Annaly Capital Management and gave the company a "cautious" rating in a report on Monday, October 6th. Finally, Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Annaly Capital Management currently has a consensus rating of "Hold" and a consensus target price of $21.13.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.72 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock's 50-day simple moving average is $21.09 and its 200 day simple moving average is $19.91. The company has a market cap of $13.30 billion, a P/E ratio of 20.51, a P/E/G ratio of 4.93 and a beta of 1.25. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's payout ratio is presently 277.23%.

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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