Jupiter Topco LLC Acquires New Holdings in Annaly Capital Management Inc $NLY

Jupiter Topco LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,813 shares of the real estate investment trust’s stock, valued at approximately $711,000.

Several other large investors also recently added to or reduced their stakes in the business. HUB Investment Partners LLC raised its holdings in shares of Annaly Capital Management by 3.3% during the 2nd quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 462 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings 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 buying an additional 463 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in Annaly Capital Management by 2.3% during the first quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 495 shares in the last quarter. Fourth Dimension Wealth LLC lifted 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 worth $26,000 after buying an additional 500 shares during the last quarter. Finally, GWN Securities Inc. lifted its position in shares of Annaly Capital Management by 5.0% in the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 514 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 0.1%

NLY opened at $22.84 on Monday. The firm has a market capitalization of $17.21 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The stock’s 50 day moving average price is $22.90 and its two-hundred day moving average price is $22.38. Annaly Capital Management Inc has a 12-month low of $20.00 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 13.1%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, June 30th. Annaly Capital Management’s payout ratio is presently 75.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NLY. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Piper Sandler lifted their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.