Ritholtz Wealth Management Has $482,000 Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

Ritholtz Wealth Management boosted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,721 shares of the real estate investment trust’s stock after buying an additional 2,726 shares during the period. Ritholtz Wealth Management’s holdings in Annaly Capital Management were worth $482,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wernau Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter worth $229,000. Charles Schwab Investment Management Inc. grew its stake in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust’s stock worth $66,105,000 after acquiring an additional 393,581 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Annaly Capital Management in the 4th quarter worth $730,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Annaly Capital Management in the 4th quarter worth $4,448,000. Finally, APG Asset Management N.V. bought a new stake in shares of Annaly Capital Management in the 4th quarter worth $4,909,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NLY. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Jones Trading reiterated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Piper Sandler reduced their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada reduced their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Annaly Capital Management Stock Performance

NYSE NLY opened at $19.17 on Friday. Annaly Capital Management Inc has a 52-week low of $16.60 and a 52-week high of $22.11. The company has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $19.69. The company has a market capitalization of $11.45 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 4.23 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The business had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. As a group, analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.61%. Annaly Capital Management’s payout ratio is 314.61%.

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.