Ibex Wealth Advisors Has $13.95 Million Stock Holdings in Annaly Capital Management Inc $NLY

Ibex Wealth Advisors lifted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 91.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 623,685 shares of the real estate investment trust’s stock after buying an additional 298,517 shares during the quarter. Annaly Capital Management makes up about 1.4% of Ibex Wealth Advisors’ holdings, making the stock its 16th largest holding. Ibex Wealth Advisors’ holdings in Annaly Capital Management were worth $13,946,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC grew its position in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $29,000. TD Private Client Wealth LLC grew its position in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $37,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Annaly Capital Management during the 4th quarter worth approximately $38,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 1.6%

NYSE NLY opened at $22.60 on Wednesday. The company has a market cap of $16.56 billion, a PE ratio of 7.63, a PEG ratio of 6.79 and a beta of 1.17. Annaly Capital Management Inc has a 12 month low of $18.64 and a 12 month high of $24.52. The stock has a 50 day moving average of $22.01 and a 200-day moving average of $22.47.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.3%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Piper Sandler reduced their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.22.

Annaly Capital Management Company Profile

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.