Stableford Capital II LLC Purchases 18,369 Shares of Annaly Capital Management Inc $NLY

Key Points

• Stableford Capital II LLC increased its stake in Annaly Capital Management by 56.3%, acquiring an additional 18,369 shares, bringing their total holdings to 51,003 shares valued at approximately $1,064,000.
• Annaly Capital Management's quarterly dividend of $0.70 per share will be paid on October 31st, reflecting an annualized yield of 13.4% and a payout ratio of 277.23%.
• Analysts provide mixed ratings for NLY, with a consensus rating of “Hold” and an average price target of $21.13, while Barclays and UBS have set price targets of $20.00 and $21.00, respectively.

Stableford Capital II LLC lifted its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 56.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,003 shares of the real estate investment trust's stock after purchasing an additional 18,369 shares during the period. Stableford Capital II LLC's holdings in Annaly Capital Management were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NLY. Inlight Wealth Management LLC bought a new position in Annaly Capital Management in the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $28,000. Twin Tree Management LP bought a new position in shares of Annaly Capital Management in the first quarter worth about $29,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth about $36,000. Finally, MCF Advisors LLC raised its stake in Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,598 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent analyst reports. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a "cautious" rating in a research note on Monday, October 6th. Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Finally, UBS Group increased their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Annaly Capital Management currently has a consensus rating of "Hold" and an average price target of $21.13.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $20.83 on Thursday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average is $21.09 and its 200 day moving average is $19.91. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.91 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share 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%. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management's dividend payout ratio is 277.23%.

About Annaly Capital Management

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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