Catalyst Capital Advisors LLC grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 14.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,235 shares of the real estate investment trust’s stock after buying an additional 540 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Annaly Capital Management were worth $81,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Resources Management Corp CT ADV lifted its stake in shares of Annaly Capital Management by 330.5% in the 1st quarter. Resources Management Corp CT ADV now owns 861 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 661 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at approximately $26,000. Lakewood Asset Management LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Lazard Asset Management LLC lifted its stake in shares of Annaly Capital Management by 1,834.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,596 shares during the period. Finally, Kozak & Associates Inc. purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 49.16% of the company’s stock.
Analysts Set New Price Targets
NLY has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Tuesday, August 1st. Jonestrading restated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, August 3rd. StockNews.com began coverage on Annaly Capital Management in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Piper Sandler raised their price objective on Annaly Capital Management from $21.50 to $22.00 in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.31.
Annaly Capital Management Stock Up 0.7 %
NLY stock opened at $19.89 on Monday. Annaly Capital Management, Inc. has a twelve month low of $15.11 and a twelve month high of $26.92. 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 market cap of $9.82 billion, a PE ratio of -4.76 and a beta of 1.37. The business has a 50 day moving average of $19.86 and a 200 day moving average of $19.57.
Annaly Capital Management Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued 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 is Thursday, September 28th. Annaly Capital Management’s payout ratio is -62.20%.
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.
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