89,945 Shares in Annaly Capital Management Inc $NLY Purchased by Estate Counselors LLC

Estate Counselors LLC purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 89,945 shares of the real estate investment trust’s stock, valued at approximately $1,902,000.

Several other large investors have also recently added to or reduced their stakes in NLY. Quantinno Capital Management LP raised its holdings in Annaly Capital Management by 123.7% in the 1st quarter. Quantinno Capital Management LP now owns 323,924 shares of the real estate investment trust’s stock valued at $6,851,000 after acquiring an additional 179,106 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $2,750,000. Gateway Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $289,000. Quadcap Wealth Management LLC increased its position in shares of 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 purchasing an additional 495 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Annaly Capital Management by 39.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 24,983 shares of the real estate investment trust’s stock valued at $528,000 after purchasing an additional 7,005 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.6%

Shares of Annaly Capital Management stock opened at $22.59 on Tuesday. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 5.66, a P/E/G ratio of 6.73 and a beta of 1.16. Annaly Capital Management Inc has a 1-year low of $20.00 and a 1-year high of $24.52. The firm’s 50-day moving average price is $22.18 and its two-hundred day moving average price is $22.45.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The company had revenue of $892.86 million during the quarter, compared to analyst estimates of $639.80 million. As a group, equities research analysts predict that Annaly Capital Management Inc will post 3.03 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a yield of 13.3%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is 75.19%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NLY shares. Piper Sandler raised their target price on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. 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. According to MarketBeat.com, the company presently has an average 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.