Wealthstar Advisors LLC Makes New Investment in Annaly Capital Management Inc (NYSE:NLY)

Wealthstar Advisors LLC purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,179 shares of the real estate investment trust's stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at about $25,000. Assetmark Inc. purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its stake 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 valued at $39,000 after purchasing an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC increased its stake 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 valued at $45,000 after purchasing an additional 549 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the subject of several recent analyst reports. Piper Sandler cut their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price target 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. Finally, Royal Bank Of Canada lowered 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.00.

Annaly Capital Management Trading Down 0.1%

NLY stock opened at $19.44 on Friday. Annaly Capital Management Inc has a 12-month low of $16.60 and a 12-month high of $22.11. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.28 and a beta of 1.23. The business's 50-day moving average is $19.17 and its 200 day moving average is $19.67.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. As a group, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.41%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is currently 314.61%.

Annaly Capital Management 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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