Diversify Wealth Management LLC Purchases Shares of 60,027 Annaly Capital Management Inc $NLY

Diversify Wealth Management LLC bought a new position in Annaly Capital Management Inc (NYSE:NLY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,027 shares of the real estate investment trust’s stock, valued at approximately $1,353,000.

A number of other institutional investors have also made changes to their positions in the business. Koshinski Asset Management Inc. boosted its position in Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 463 shares during the last quarter. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 76.9% in the fourth 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. GWN Securities Inc. lifted its position in Annaly Capital Management by 5.0% during the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 514 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 524 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Annaly Capital Management by 3.3% in the first quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 548 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $23.16 on Thursday. Annaly Capital Management Inc has a 52 week low of $19.39 and a 52 week high of $24.52. The stock has a market capitalization of $16.97 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 6.98 and a beta of 1.16. The stock has a fifty day moving average of $22.09 and a 200-day moving average of $22.46.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. On average, research analysts forecast that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.0%. Annaly Capital Management’s payout ratio is presently 101.35%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NLY shares. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. JonesTrading reissued a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.44.

About Annaly Capital Management

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.