Y Intercept Hong Kong Ltd acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,261 shares of the real estate investment trust's stock, valued at approximately $249,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $36,000. Fourth Dimension Wealth LLC purchased a new stake in Annaly Capital Management during the 4th quarter valued at approximately $39,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $60,000. 51.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Price Performance
Shares of NLY traded up $0.17 on Friday, reaching $20.50. The stock had a trading volume of 6,641,195 shares, compared to its average volume of 6,488,296. The firm has a market capitalization of $12.25 billion, a PE ratio of 20.30, a PEG ratio of 4.53 and a beta of 1.20. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $19.52 and a 200 day moving average of $19.85. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Sell-side analysts expect 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 was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.
Analyst Upgrades and Downgrades
NLY has been the subject of several analyst reports. UBS Group reaffirmed a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Royal Bank Of Canada dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Piper Sandler dropped 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $20.72.
View Our Latest Report on NLY
Annaly Capital Management Company Profile
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Free Report)
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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