Annaly Capital Management Inc $NLY Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 38.2% during the third quarter, HoldingsChannel.com reports. The fund owned 327,217 shares of the real estate investment trust’s stock after acquiring an additional 90,484 shares during the period. Kestra Advisory Services LLC’s holdings in Annaly Capital Management were worth $6,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NLY. Markowski Investments purchased a new stake in shares of Annaly Capital Management during the second quarter worth $37,000. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 30.3% in the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 500 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Annaly Capital Management by 42.6% in the first quarter. Bessemer Group Inc. now owns 3,699 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,105 shares in the last quarter. Wealth Enhancement Trust Services Inc. lifted its stake in shares of Annaly Capital Management by 435.9% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 4,175 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 3,396 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Annaly Capital Management by 23.6% in the first quarter. Assetmark Inc. now owns 4,201 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 803 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE:NLY opened at $18.34 on Thursday. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.43 and a beta of 1.24. The company’s 50-day moving average is $19.60 and its two-hundred day moving average is $21.75. Annaly Capital Management Inc has a 1-year low of $17.70 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 3.13 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 16.4%. Annaly Capital Management’s dividend payout ratio is presently 209.79%.

Analyst Ratings Changes

Several brokerages recently issued reports on NLY. Wells Fargo & Company set a $22.00 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. BTIG Research set a $21.00 target price on shares of Annaly Capital Management and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada set a $21.00 target price on Annaly Capital Management and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings lowered Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Insider Buying and Selling

In related news, Director Scott Wede purchased 50,000 shares of the company’s stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $940,000.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $940,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is owned by insiders.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights. The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.