Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 36.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,401 shares of the real estate investment trust’s stock after purchasing an additional 13,159 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Annaly Capital Management were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Income Management LLC purchased a new stake in shares of Annaly Capital Management in the 1st quarter valued at approximately $4,840,000. Renaissance Technologies LLC purchased a new stake in shares of Annaly Capital Management in the 1st quarter valued at approximately $6,822,000. 1832 Asset Management L.P. raised its stake in shares of Annaly Capital Management by 26.2% in the 1st quarter. 1832 Asset Management L.P. now owns 63,914 shares of the real estate investment trust’s stock valued at $1,221,000 after acquiring an additional 13,250 shares during the period. Stifel Financial Corp raised its stake in shares of Annaly Capital Management by 6.6% in the 1st quarter. Stifel Financial Corp now owns 186,484 shares of the real estate investment trust’s stock valued at $3,564,000 after acquiring an additional 11,509 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of Annaly Capital Management by 111.9% in the 1st quarter. Continuum Advisory LLC now owns 140,384 shares of the real estate investment trust’s stock valued at $2,683,000 after acquiring an additional 74,133 shares during the period. 49.16% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.7 %

Shares of NYSE:NLY opened at $19.89 on Friday. Annaly Capital Management, Inc. has a 52 week low of $15.11 and a 52 week high of $26.92. The company’s 50 day moving average is $19.86 and its two-hundred day moving average is $19.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market cap of $9.82 billion, a PE ratio of -4.76 and a beta of 1.37.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is presently -62.20%.

Analyst Upgrades and Downgrades

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

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