Waverly Advisors LLC Makes New $2.57 Million Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Waverly Advisors LLC purchased a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 140,466 shares of the real estate investment trust's stock, valued at approximately $2,571,000.

Several other hedge funds have also made changes to their positions in the stock. Proffitt & Goodson Inc. lifted its holdings in shares of Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 505 shares during the last quarter. Cannell & Spears LLC lifted its holdings in shares of Annaly Capital Management by 1.3% in 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 during the last quarter. LVZ Inc. lifted its holdings 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 purchasing an additional 521 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $18.82 on Thursday. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11. The stock has a market cap of $11.24 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The business's fifty day moving average is $19.44 and its 200-day moving average is $19.77.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly 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. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The company had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. Equities research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.88%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's payout ratio is presently 314.61%.

Wall Street Analyst Weigh In

NLY has been the topic of several recent research reports. Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $21.10.

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.

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