Wealth Care LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY – Free Report) during the first quarter, HoldingsChannel reports. The firm acquired 24,185 shares of the real estate investment trust’s stock, valued at approximately $512,000.
Several other hedge funds and other institutional investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC grew its holdings in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $31,000. TD Private Client Wealth LLC lifted its position in Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $37,000. 51.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Stock Down 3.3%
Shares of NYSE:NLY opened at $22.38 on Wednesday. Annaly Capital Management Inc has a 52-week low of $18.70 and a 52-week high of $24.52. The company has a 50 day moving average of $22.08 and a two-hundred day moving average of $22.45. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 7.07 and a beta of 1.17.
Annaly Capital Management Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on NLY shares. UBS Group reissued a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler cut their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.11.
Read Our Latest Analysis on Annaly Capital Management
About Annaly Capital Management
Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.
Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.
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