Annaly Capital Management Inc $NLY Stake Raised by Ibex Wealth Advisors

Ibex Wealth Advisors lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 670,031 shares of the real estate investment trust’s stock after buying an additional 46,346 shares during the period. Annaly Capital Management makes up about 1.3% of Ibex Wealth Advisors’ investment portfolio, making the stock its 23rd largest holding. Ibex Wealth Advisors’ holdings in Annaly Capital Management were worth $14,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC raised its stake in Annaly Capital Management by 76.9% during 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 acquiring an additional 500 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares in the last quarter. Camelot Portfolios LLC bought a new position in shares of Annaly Capital Management in the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management during the fourth quarter valued at $31,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of Annaly Capital Management by 361.3% during the fourth 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. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Piper Sandler raised their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. UBS Group restated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Finally, JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. One research 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 MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.44.

Annaly Capital Management Trading Up 0.9%

Shares of NYSE NLY opened at $22.73 on Friday. Annaly Capital Management Inc has a twelve month low of $19.39 and a twelve month high of $24.52. The firm has a 50-day moving average of $22.07 and a two-hundred day moving average of $22.47. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 6.84 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The company had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. As a group, research analysts predict that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

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.