Allworth Financial LP Purchases 27,327 Shares of Annaly Capital Management Inc $NLY

Allworth Financial LP boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 639.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,598 shares of the real estate investment trust’s stock after purchasing an additional 27,327 shares during the quarter. Allworth Financial LP’s holdings in Annaly Capital Management were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of NLY. Signaturefd LLC boosted its stake in Annaly Capital Management by 45.5% during the first quarter. Signaturefd LLC now owns 10,253 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 3,208 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Annaly Capital Management by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,696,216 shares of the real estate investment trust’s stock valued at $34,450,000 after acquiring an additional 9,965 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Annaly Capital Management by 5.6% during the 1st quarter. Private Advisor Group LLC now owns 107,595 shares of the real estate investment trust’s stock valued at $2,185,000 after acquiring an additional 5,723 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Annaly Capital Management during the first quarter worth about $406,000. Finally, South Dakota Investment Council grew its holdings in shares of Annaly Capital Management by 141.9% during the first quarter. South Dakota Investment Council now owns 35,800 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 21,000 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Down 0.6%

Shares of NLY opened at $21.65 on Friday. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 6.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The firm has a 50 day moving average price of $21.23 and a 200-day moving average price of $20.35.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 12.9%. Annaly Capital Management’s payout ratio is currently 129.63%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a “cautious” rating in a research report on Monday, October 6th. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Hold” and a consensus target price of $21.71.

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.