Cetera Investment Advisers Increases Stock Holdings in Annaly Capital Management Inc $NLY

Cetera Investment Advisers grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,396,384 shares of the real estate investment trust’s stock after purchasing an additional 116,356 shares during the quarter. Cetera Investment Advisers’ holdings in Annaly Capital Management were worth $29,534,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC boosted its holdings in 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 buying an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $29,000. Root Financial Partners LLC lifted its position in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of 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 worth $34,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NLY shares. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Piper Sandler raised their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Wells Fargo & Company dropped 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. Finally, Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Annaly Capital Management Price Performance

NYSE NLY opened at $22.43 on Monday. The stock has a market capitalization of $16.43 billion, a P/E ratio of 5.62, a PEG ratio of 6.73 and a beta of 1.16. The firm’s 50-day moving average is $22.16 and its two-hundred day moving average is $22.45. 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 posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $892.86 million for the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, analysts anticipate that Annaly Capital Management Inc will post 3.03 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

Key Stories Impacting Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly’s Q2 results and earnings-call commentary pointed to strong momentum, with management highlighting diversified housing finance growth across Agency securities, Residential Credit, and MSR opportunities, along with disciplined capital allocation. The company also reported strong profitability and a 5.5% economic return, which can help reassure investors about earnings durability. Annaly Q2 Earnings Call Highlights Housing Finance Strategy
• Positive Sentiment: Several reports said Annaly’s earnings available for distribution topped its dividend for a ninth straight quarter, and that rising EAD is supporting another dividend increase. For a high-yield mortgage REIT like NLY, this is important because it suggests the payout may remain well covered. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.
• Positive Sentiment: Annaly also raised its quarterly dividend to $0.75 and signaled attractive 14%–16% levered return potential in agency assets, reinforcing the stock’s appeal to income investors. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Neutral Sentiment: JPMorgan and Wells Fargo both lowered their price targets to $24 from higher levels, but kept overweight ratings. That suggests analysts still see upside in NLY, but are somewhat more cautious on valuation and near-term expectations. Analyst price target updates from JPMorgan and Wells Fargo
• Neutral Sentiment: Other coverage framed Annaly as a strong-yield, discounted valuation story, which supports the stock’s income-investor case but does not introduce a major new catalyst. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.

Annaly Capital Management Company 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.