Annaly Capital Management Inc $NLY Stock: Commonwealth Equity Services LLC Grows Stake

Commonwealth Equity Services LLC lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 21.4% during the third quarter, HoldingsChannel reports. The firm owned 518,247 shares of the real estate investment trust’s stock after purchasing an additional 91,277 shares during the period. Commonwealth Equity Services LLC’s holdings in Annaly Capital Management were worth $9,790,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NLY. Markowski Investments purchased a new stake in Annaly Capital Management in the 2nd quarter valued at about $37,000. Fourth Dimension Wealth LLC increased its position in shares of Annaly Capital Management by 30.3% during the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 500 shares during the period. Bessemer Group Inc. increased its position in shares of Annaly Capital Management by 42.6% during the first quarter. Bessemer Group Inc. now owns 3,699 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,105 shares during the period. Wealth Enhancement Trust Services Inc. raised its stake in shares of Annaly Capital Management by 435.9% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 4,175 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 3,396 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Annaly Capital Management by 23.6% during the first quarter. Assetmark Inc. now owns 4,201 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Activity

In related news, Director Scott Wede purchased 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, November 6th. The stock was purchased at an average cost of $18.80 per share, with a total value of $940,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $940,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BTIG Research set a $21.00 price target on Annaly Capital Management and gave the company a “buy” rating in a report on Tuesday, October 6th. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings downgraded Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. JonesTrading cut their price target on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Finally, Piper Sandler lowered their price objective on shares of Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a research note on Friday, October 9th. One 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Annaly Capital Management Stock Performance

NYSE NLY opened at $17.56 on Friday. The firm’s 50 day moving average price is $19.50 and its 200-day moving average price is $21.72. Annaly Capital Management Inc has a 52-week low of $17.55 and a 52-week high of $24.52. The company has a market cap of $13.84 billion, a PE ratio of 12.28, a P/E/G ratio of 1.40 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a $0.75 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 17.1%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 209.79%.

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.