Annaly Capital Management Inc $NLY Shares Purchased by Columbus Macro LLC

Columbus Macro LLC raised its position in Annaly Capital Management Inc (NYSE:NLY) by 30.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 542,605 shares of the real estate investment trust’s stock after acquiring an additional 126,396 shares during the quarter. Annaly Capital Management makes up about 1.2% of Columbus Macro LLC’s holdings, making the stock its 19th biggest holding. Columbus Macro LLC owned about 0.08% of Annaly Capital Management worth $11,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Fourth Dimension Wealth LLC grew 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 worth $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new stake in Annaly Capital Management during the 4th quarter worth about $31,000. TD Private Client Wealth LLC lifted its holdings 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 worth $34,000 after buying an additional 1,178 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NLY. Piper Sandler dropped their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. BTIG Research set a $24.00 price target on Annaly Capital Management in a report on Wednesday, June 17th. 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. Finally, UBS Group reissued a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Stock Performance

NLY opened at $22.54 on Friday. The business’s 50-day simple moving average is $22.06 and its 200-day simple moving average is $22.45. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52. The stock has a market capitalization of $16.52 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 6.81 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last announced 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 during 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, equities research analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.3%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. Annaly Capital Management’s payout ratio is 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.