Annaly Capital Management Inc $NLY Stock: Kestra Advisory Services LLC Increases Stake

Kestra Advisory Services LLC grew its position in Annaly Capital Management Inc (NYSE:NLY) by 38.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 327,217 shares of the real estate investment trust’s stock after buying 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 quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its position in Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Annaly Capital Management by 814.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 2,268,458 shares of the real estate investment trust’s stock valued at $42,851,000 after acquiring an additional 2,020,458 shares in the last quarter. KBC Group NV boosted its stake in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after acquiring an additional 1,525,251 shares in the last quarter. State Street Corp grew its holdings in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after purchasing an additional 1,272,235 shares during the last quarter. Finally, Amundi grew its holdings in Annaly Capital Management by 35.2% in the first quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock worth $71,090,000 after purchasing an additional 875,331 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Scott Wede acquired 50,000 shares of Annaly Capital Management stock in a transaction on Friday, November 6th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $940,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately $940,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock 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 price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The business has a fifty day moving average of $19.60 and a 200 day moving average of $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 announced its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $637.41 million. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 3.13 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on NLY. Barclays set a $21.00 price objective on Annaly Capital Management and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wells Fargo & Company set a $22.00 target price on Annaly Capital Management and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Piper Sandler reduced their target price on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Finally, BTIG Research set a $21.00 price target on Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Annaly Capital Management 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.