Cetera Investment Advisers Buys 59,175 Shares of Annaly Capital Management Inc $NLY

Cetera Investment Advisers boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,092,128 shares of the real estate investment trust’s stock after purchasing an additional 59,175 shares during the quarter. Cetera Investment Advisers’ holdings in Annaly Capital Management were worth $20,554,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NLY. Creative Planning lifted its position in shares of Annaly Capital Management by 14.1% in the second quarter. Creative Planning now owns 57,574 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 7,096 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Annaly Capital Management by 12.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,465 shares of the real estate investment trust’s stock worth $2,926,000 after acquiring an additional 17,214 shares in the last quarter. Good Life Advisors LLC bought a new position in shares of Annaly Capital Management during the 2nd quarter valued at approximately $237,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Annaly Capital Management by 9.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 225,755 shares of the real estate investment trust’s stock valued at $4,249,000 after purchasing an additional 20,060 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Annaly Capital Management by 6.8% in the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock valued at $280,535,000 after purchasing an additional 949,260 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.3%

Shares of NYSE NLY opened at $21.58 on Wednesday. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The firm has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $20.38. The company has a market cap of $14.74 billion, a P/E ratio of 9.99, a PEG ratio of 6.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 129.63%.

Analysts Set New Price Targets

Several research firms have commented on NLY. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a “cautious” rating in a research report on Monday, October 6th. UBS Group upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Jones Trading restated a “buy” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.71.

About Annaly Capital Management

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.