Wealthstar Advisors LLC Buys Shares of 24,895 Annaly Capital Management Inc $NLY

Wealthstar Advisors LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 24,895 shares of the real estate investment trust’s stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of 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 period. State Street Corp boosted its holdings in Annaly Capital Management by 8.4% during the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock worth $608,994,000 after buying an additional 2,053,451 shares in the last quarter. Geode Capital Management LLC grew its position in Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock worth $411,031,000 after buying an additional 1,503,559 shares during the period. Norges Bank acquired a new position in Annaly Capital Management during the fourth quarter worth about $162,477,000. Finally, Morgan Stanley increased its holdings in Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock valued at $156,013,000 after buying an additional 1,751,509 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Down 0.1%

Shares of NYSE NLY opened at $22.55 on Friday. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 6.85 and a beta of 1.16. Annaly Capital Management Inc has a 52 week low of $19.24 and a 52 week high of $24.52. The company’s 50-day moving average price is $22.07 and its 200 day moving average price is $22.46.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (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%. As a group, research analysts expect that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm 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. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management’s dividend payout ratio is 101.35%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NLY. Piper Sandler lifted their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday. 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 reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

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.