Janney Montgomery Scott LLC Buys 29,486 Shares of Annaly Capital Management Inc $NLY

Janney Montgomery Scott LLC grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,667 shares of the real estate investment trust’s stock after acquiring an additional 29,486 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Annaly Capital Management were worth $9,214,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after purchasing an additional 4,286,893 shares during the last quarter. Vanguard Group Inc. grew its stake in Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after purchasing an additional 3,024,564 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Annaly Capital Management in the fourth quarter worth about $63,699,000. Finally, Goldman Sachs Group Inc. raised its holdings in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NLY shares. UBS Group restated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. JonesTrading reissued a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Piper Sandler lifted their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.44.

Annaly Capital Management Stock Up 1.6%

NLY opened at $22.55 on Friday. The company has a market cap of $16.52 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 6.78 and a beta of 1.16. The firm’s 50-day moving average price is $22.07 and its 200-day moving average price is $22.46. Annaly Capital Management Inc has a 52-week low of $19.24 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, research analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.3%. Annaly Capital Management’s payout ratio is presently 101.35%.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.