Creative Planning Increases Stock Position in Annaly Capital Management Inc $NLY

Creative Planning raised its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,574 shares of the real estate investment trust’s stock after buying an additional 7,096 shares during the quarter. Creative Planning’s holdings in Annaly Capital Management were worth $1,084,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in Annaly Capital Management during the first quarter valued at $29,000. Assetmark Inc. raised its position in shares of Annaly Capital Management by 97.5% during the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,190 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Annaly Capital Management by 416.7% in the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,000 shares during the last quarter. Quarry LP lifted its holdings in shares of Annaly Capital Management by 105.9% in the 1st quarter. Quarry LP now owns 2,496 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,284 shares during the last quarter. Finally, Tsfg LLC grew its position in Annaly Capital Management by 350.8% in the second quarter. Tsfg LLC now owns 2,723 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,119 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.8%

NYSE:NLY opened at $22.85 on Friday. The firm has a 50-day simple moving average of $21.26 and a 200-day simple moving average of $20.54. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.85. The firm has a market cap of $15.61 billion, a P/E ratio of 10.58, a P/E/G 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 (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $493.55 million. Equities analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.3%. The ex-dividend date was Tuesday, September 30th. Annaly Capital Management’s payout ratio is 129.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th. UBS Group increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, Jones Trading reissued a “buy” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.71.

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.