Proficio Capital Partners LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,253 shares of the real estate investment trust's stock, valued at approximately $407,000.
Other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in Annaly Capital Management by 15.4% in the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust's stock valued at $971,000 after acquiring an additional 6,469 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Annaly Capital Management in the third quarter valued at approximately $309,000. Avior Wealth Management LLC boosted its position in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Citigroup Inc. increased its position in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Annaly Capital Management by 58.8% during the third quarter. Cerity Partners LLC now owns 34,996 shares of the real estate investment trust's stock worth $702,000 after purchasing an additional 12,952 shares during the period. 51.56% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NLY. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.44.
Check Out Our Latest Report on Annaly Capital Management
Annaly Capital Management Price Performance
NLY traded down $0.44 on Friday, reaching $20.66. 12,390,336 shares of the company's stock were exchanged, compared to its average volume of 5,467,707. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The stock's fifty day moving average price is $20.97 and its 200-day moving average price is $20.06. The stock has a market cap of $11.95 billion, a PE ratio of 12.99, a P/E/G ratio of 4.89 and a beta of 1.53.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 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%. As a group, research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.70 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 13.56%. Annaly Capital Management's dividend payout ratio is currently 176.10%.
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.
Featured Articles
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
