Focus Partners Advisor Solutions LLC Acquires 37,160 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Focus Partners Advisor Solutions LLC boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 361.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,448 shares of the real estate investment trust’s stock after purchasing an additional 37,160 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Annaly Capital Management were worth $868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Annaly Capital Management during the fourth quarter worth $31,000. Blue Trust Inc. lifted its stake in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Larson Financial Group LLC lifted its stake in Annaly Capital Management by 34.4% during the fourth 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. Smartleaf Asset Management LLC lifted its stake in Annaly Capital Management by 29.3% during the fourth 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, UMB Bank n.a. lifted its stake in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,030 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NLY has been the subject of several recent analyst reports. Jones Trading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped 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. Piper Sandler dropped 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. Finally, Keefe, Bruyette & Woods increased 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.10.

Annaly Capital Management Stock Performance

Shares of NLY opened at $18.82 on Friday. Annaly Capital Management, Inc. has a 52 week low of $16.60 and a 52 week high of $22.11. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 4.89 and a beta of 1.25. The stock has a fifty day moving average of $19.31 and a 200-day moving average of $19.77.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS 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 given 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 annualized dividend and a yield of 14.88%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) 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.