Simplicity Wealth LLC acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 107,164 shares of the real estate investment trust's stock, valued at approximately $2,177,000.
Other hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $671,000. Blue Trust Inc. grew its stake in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Annaly Capital Management by 21.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,154 shares of the real estate investment trust's stock worth $259,000 after buying an additional 2,469 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Annaly Capital Management by 9.8% during the fourth quarter. State of Alaska Department of Revenue now owns 63,909 shares of the real estate investment trust's stock worth $1,169,000 after buying an additional 5,700 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $294,000. 51.56% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NLY has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler decreased their target price 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. JPMorgan Chase & Co. decreased 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 research note on Wednesday, April 16th. Jones Trading reissued a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.
Check Out Our Latest Research Report on Annaly Capital Management
Annaly Capital Management Trading Down 1.6%
NLY stock traded down $0.31 during midday trading on Friday, hitting $19.18. The stock had a trading volume of 5,778,375 shares, compared to its average volume of 6,634,010. The firm has a market cap of $11.46 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The business has a fifty day moving average price of $18.91 and a two-hundred day moving average price of $19.71.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released 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 analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.60%. Annaly Capital Management's payout ratio is 314.61%.
Annaly Capital Management Company Profile
(
Free Report)
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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