Janney Montgomery Scott LLC Purchases 34,891 Shares of Annaly Capital Management Inc $NLY

Janney Montgomery Scott LLC grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 22.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,989 shares of the real estate investment trust’s stock after buying an additional 34,891 shares during the period. Janney Montgomery Scott LLC’s holdings in Annaly Capital Management were worth $3,538,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NLY. GAMMA Investing LLC increased its position in shares of Annaly Capital Management by 3,629.3% in the first quarter. GAMMA Investing LLC now owns 99,722 shares of the real estate investment trust’s stock worth $2,025,000 after purchasing an additional 97,048 shares during the period. Merit Financial Group LLC acquired a new stake in Annaly Capital Management in the first quarter valued at about $265,000. Wedmont Private Capital boosted its stake in Annaly Capital Management by 10.1% in the first quarter. Wedmont Private Capital now owns 21,192 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 1,948 shares in the last quarter. UMB Bank n.a. boosted its stake in Annaly Capital Management by 119.4% in the first quarter. UMB Bank n.a. now owns 5,699 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 3,101 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Annaly Capital Management in the first quarter valued at about $212,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $20.95 on Thursday. The stock’s 50 day moving average is $21.08 and its 200 day moving average is $19.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $13.45 billion, a P/E ratio of 20.74, a P/E/G ratio of 4.88 and a beta of 1.25. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 13.4%. Annaly Capital Management’s payout ratio is 277.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada lifted their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.13.

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