Commonwealth Equity Services LLC Boosts Position in Annaly Capital Management, Inc. (NYSE:NLY)

Commonwealth Equity Services LLC lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 376,603 shares of the real estate investment trust’s stock after acquiring an additional 6,906 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of Annaly Capital Management worth $7,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Connections Group Inc. purchased a new stake in shares of Annaly Capital Management in the 1st quarter worth about $26,000. Lakewood Asset Management LLC purchased a new stake in Annaly Capital Management in the fourth quarter worth about $31,000. Kozak & Associates Inc. purchased a new stake in Annaly Capital Management in the first quarter worth about $33,000. Allworth Financial LP grew its holdings in shares of Annaly Capital Management by 263.7% during the 1st quarter. Allworth Financial LP now owns 1,735 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,258 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Annaly Capital Management by 1,834.5% during the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,596 shares during the period. Hedge funds and other institutional investors own 49.16% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY opened at $20.26 on Thursday. The company has a market capitalization of $10.01 billion, a P/E ratio of -4.85 and a beta of 1.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $19.90 and a 200 day moving average of $19.66. Annaly Capital Management, Inc. has a twelve month low of $15.11 and a twelve month high of $27.04.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.83%. The ex-dividend date of this dividend was Thursday, June 29th. Annaly Capital Management’s dividend payout ratio is currently -62.20%.

Analyst Ratings Changes

NLY has been the topic of several research reports. Jonestrading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. StockNews.com began coverage on shares of Annaly Capital Management in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Tuesday, August 1st. Finally, Piper Sandler raised their price target on shares of Annaly Capital Management from $21.50 to $22.00 in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.31.

About Annaly Capital Management

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; residential mortgage loans; and agency or private label credit risk transfer securities.