Annaly Capital Management Inc $NLY Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,899 shares of the real estate investment trust’s stock after buying an additional 56,350 shares during the quarter. SG Americas Securities LLC’s holdings in Annaly Capital Management were worth $5,878,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NLY. Fourth Dimension Wealth LLC lifted its holdings in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $31,000. TD Private Client Wealth LLC raised its position in Annaly Capital Management by 361.3% in the fourth 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 during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in Annaly Capital Management during the fourth quarter worth $37,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $22.92 on Monday. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52. The stock has a market cap of $16.79 billion, a P/E ratio of 7.74, a P/E/G ratio of 7.01 and a beta of 1.17. The stock has a 50-day simple moving average of $22.07 and a 200-day simple moving average of $22.45.

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 for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million for the quarter, compared to analyst estimates 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 predict that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.1%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is presently 94.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NLY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler lowered their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.