Axxcess Wealth Management LLC Has $302,000 Stock Position in Annaly Capital Management Inc $NLY

Axxcess Wealth Management LLC increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,056 shares of the real estate investment trust’s stock after buying an additional 3,200 shares during the period. Axxcess Wealth Management LLC’s holdings in Annaly Capital Management were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Guidance Point Advisors LLC lifted its position in Annaly Capital Management by 3.1% during the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 519 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Annaly Capital Management by 5.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 688 shares in the last quarter. International Assets Investment Management LLC lifted its position in Annaly Capital Management by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 725 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Annaly Capital Management by 3.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock worth $436,000 after buying an additional 779 shares in the last quarter. Finally, OLD National Bancorp IN lifted its position in Annaly Capital Management by 4.7% during the 2nd quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $20.77 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market cap of $13.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 4.93 and a beta of 1.25. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $19.92. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. Annaly Capital Management’s dividend payout ratio is 277.23%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NLY. Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Barclays set a $20.00 target price 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 target price on shares of Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Jones Trading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Finally, Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Six 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, the stock presently has an average rating of “Hold” and a consensus price target of $21.13.

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.