Audent Global Asset Management LLC Invests $2.04 Million in Annaly Capital Management Inc $NLY

Audent Global Asset Management LLC purchased a new position in Annaly Capital Management Inc (NYSE:NLY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,430 shares of the real estate investment trust’s stock, valued at approximately $2,039,000. Annaly Capital Management makes up about 0.9% of Audent Global Asset Management LLC’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in NLY. Fourth Dimension Wealth LLC increased its stake in shares of Annaly Capital Management by 76.9% during 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 in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $31,000. TD Private Client Wealth LLC increased its stake in Annaly Capital Management by 361.3% during 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 in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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. JonesTrading reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Piper Sandler lowered their price objective on shares of 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. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $24.11.

Annaly Capital Management Stock Performance

NLY opened at $22.20 on Friday. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 6.78 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. The stock’s 50 day moving average price is $22.05 and its 200-day moving average price is $22.46.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. As a group, analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. 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 13.5%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 94.59%.

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.