GraniteShares Advisors LLC purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 134,929 shares of the real estate investment trust's stock, valued at approximately $2,469,000. Annaly Capital Management comprises 1.6% of GraniteShares Advisors LLC's investment portfolio, making the stock its 24th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 850 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,030 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at $50,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 51.56% of the company's stock.
Annaly Capital Management Stock Performance
NLY traded up $0.24 during mid-day trading on Friday, reaching $21.97. 13,502,116 shares of the stock were exchanged, compared to its average volume of 7,504,338. The stock has a market capitalization of $12.70 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. The company has a 50 day moving average price of $19.89 and a two-hundred day moving average price of $19.86. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.05.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Sell-side analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is currently 163.52%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NLY. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.
Check Out Our Latest Stock Analysis on Annaly Capital Management
Annaly Capital Management Company Profile
(
Free Report)
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.
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