Annaly Capital Management Inc $NLY Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 323.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,758 shares of the real estate investment trust’s stock after purchasing an additional 29,598 shares during the quarter. Quadrant Capital Group LLC’s holdings in Annaly Capital Management were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NLY. Northwest & Ethical Investments L.P. purchased a new stake in shares of Annaly Capital Management during the second quarter worth approximately $1,414,000. Russell Investments Group Ltd. increased its position in shares of Annaly Capital Management by 13.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,724,255 shares of the real estate investment trust’s stock valued at $32,512,000 after purchasing an additional 207,839 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Annaly Capital Management by 10.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 135,809 shares of the real estate investment trust’s stock valued at $2,556,000 after purchasing an additional 13,388 shares in the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Annaly Capital Management by 2.9% during the 2nd quarter. Quadcap Wealth Management LLC now owns 20,367 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 572 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Annaly Capital Management during the second quarter worth $429,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NLY shares. Jones Trading restated a “buy” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Thursday, October 23rd. Barclays set a $20.00 price objective on Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.71.

Annaly Capital Management Stock Up 0.2%

Shares of NYSE NLY opened at $22.84 on Tuesday. The stock has a market cap of $15.60 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.94. The business has a 50-day moving average price of $21.29 and a 200 day moving average price of $20.57.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. Equities research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 12.3%. Annaly Capital Management’s dividend payout ratio is 129.63%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.