Peak Financial Advisors LLC Acquires Shares of 22,470 Annaly Capital Management Inc $NLY

Peak Financial Advisors LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,470 shares of the real estate investment trust’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Annaly Capital Management in the 4th quarter valued at about $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Annaly Capital Management by 394.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after buying an additional 4,286,893 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $63,699,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $22.92 on Monday. The business’s 50 day moving average price is $22.07 and its 200 day moving average price is $22.45. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 7.01 and a beta of 1.17. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52.

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

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s payout ratio is currently 94.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NLY. Piper Sandler lowered their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. UBS Group restated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.11.

Annaly Capital Management 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.