Allworth Financial LP Boosts Holdings in Annaly Capital Management Inc (NYSE:NLY)

Allworth Financial LP increased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 69.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,271 shares of the real estate investment trust’s stock after buying an additional 1,756 shares during the period. Allworth Financial LP’s holdings in Annaly Capital Management were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth about $36,000. Fourth Dimension Wealth LLC purchased a new position in shares of Annaly Capital Management during the fourth quarter valued at about $39,000. Redmont Wealth Advisors LLC purchased a new position in Annaly Capital Management in the first quarter worth about $60,000. Finally, GAMMA Investing LLC raised its stake in shares of Annaly Capital Management by 83.6% in the first quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 2,236 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.1%

Shares of NYSE NLY opened at $19.72 on Friday. The company has a market cap of $11.78 billion, a PE ratio of 22.15, a P/E/G ratio of 4.34 and a beta of 1.22. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $19.69.

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

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.20%. Annaly Capital Management’s payout ratio is 314.61%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler dropped their target price on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group reaffirmed a “neutral” rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $20.90.

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