CreativeOne Wealth LLC Makes New Investment in Annaly Capital Management Inc $NLY

CreativeOne Wealth LLC purchased a new stake in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,812 shares of the real estate investment trust’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently added to or reduced their stakes in NLY. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock valued at $1,104,761,000 after buying an additional 2,344,867 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Annaly Capital Management by 6.8% in the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock valued at $280,535,000 after purchasing an additional 949,260 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Annaly Capital Management during the second quarter worth about $100,216,000. Brandywine Global Investment Management LLC increased its position in Annaly Capital Management by 33.3% during the second quarter. Brandywine Global Investment Management LLC now owns 4,328,606 shares of the real estate investment trust’s stock worth $81,464,000 after purchasing an additional 1,081,482 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Annaly Capital Management by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 4,227,952 shares of the real estate investment trust’s stock worth $79,570,000 after purchasing an additional 122,481 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NLY shares. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. UBS Group upped their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Jones Trading reissued a “buy” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Stock Up 0.8%

Shares of NYSE NLY opened at $22.85 on Friday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.85. The business’s 50 day moving average is $21.26 and its two-hundred day moving average is $20.54. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 6.47 and a beta of 1.27. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

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

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.