Simplicity Wealth LLC Acquires Shares of 107,164 Annaly Capital Management, Inc. (NYSE:NLY)

Simplicity Wealth LLC bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 107,164 shares of the real estate investment trust's stock, valued at approximately $2,177,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jupiter Wealth Management LLC increased its stake in shares of Annaly Capital Management by 3.4% in 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 buying an additional 492 shares during the period. Proffitt & Goodson Inc. lifted its stake in shares of Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after buying an additional 505 shares in the last quarter. Cannell & Spears LLC increased its holdings in Annaly Capital Management by 1.3% during the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 518 shares in the last quarter. LVZ Inc. grew its stake in shares of Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 521 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NLY. 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 report on Tuesday, May 27th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Piper Sandler reduced their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded up $0.04 during trading hours on Thursday, hitting $19.36. The stock had a trading volume of 2,445,538 shares, compared to its average volume of 6,575,867. The stock's fifty day moving average is $18.86 and its two-hundred day moving average is $19.71. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.18, a PEG 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.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, sell-side 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 paid a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.46%. Annaly Capital Management's payout ratio is presently 314.61%.

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.