Nicholas Investment Partners LP grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY – Free Report) by 56.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,305 shares of the real estate investment trust’s stock after purchasing an additional 60,500 shares during the quarter. Nicholas Investment Partners LP’s holdings in Annaly Capital Management were worth $3,741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fourth Dimension Wealth LLC boosted its holdings in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new position in Annaly Capital Management during the fourth quarter worth $29,000. Root Financial Partners LLC raised its position in Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management during the fourth quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its stake in Annaly Capital Management by 361.3% in 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 acquiring an additional 1,178 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Piper Sandler lifted their price target on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research report on Wednesday, June 17th. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.33.
Annaly Capital Management Price Performance
NYSE:NLY opened at $23.27 on Tuesday. The company has a market cap of $17.54 billion, a P/E ratio of 5.83, a P/E/G ratio of 6.05 and a beta of 1.16. The firm’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $22.38. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52.
Annaly Capital Management (NYSE:NLY – Get Free Report) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.
Annaly Capital Management Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 12.9%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.
Annaly Capital Management Company Profile
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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