10,500 Shares in Annaly Capital Management Inc $NLY Acquired by NBZ Investment Advisors LLC

NBZ Investment Advisors LLC purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,500 shares of the real estate investment trust’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Guidance Point Advisors LLC increased its holdings 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 purchasing an additional 519 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Annaly Capital Management by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust’s stock worth $1,350,000 after purchasing an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 purchasing an additional 688 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings 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 purchasing an additional 779 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings 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 purchasing an additional 788 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Royal Bank Of Canada boosted their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $21.17 on Friday. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 6.47 and a beta of 1.25. The business has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $20.11. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business 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 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 129.63%.

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.