Waverly Advisors LLC Takes $2.57 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Waverly Advisors LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 140,466 shares of the real estate investment trust's stock, valued at approximately $2,571,000.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in Annaly Capital Management during the 4th quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Annaly Capital Management by 29.3% in 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. Finally, UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,030 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NLY has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Trading Up 0.6%

NLY traded up $0.12 during trading hours on Tuesday, hitting $18.91. The company's stock had a trading volume of 1,758,987 shares, compared to its average volume of 7,981,689. Annaly Capital Management, Inc. has a 12 month low of $16.59 and a 12 month high of $22.11. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 4.89 and a beta of 1.25. The business's 50-day moving average price is $19.26 and its 200-day moving average price is $19.77.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. On average, analysts forecast 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. Stockholders of record on Monday, March 31st were paid a dividend of $0.70 per share. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.81%. The ex-dividend date was Monday, March 31st. Annaly Capital Management's payout ratio is currently 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.