HighTower Advisors LLC Acquires 73,870 Shares of Annaly Capital Management Inc $NLY

HighTower Advisors LLC increased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,595 shares of the real estate investment trust’s stock after purchasing an additional 73,870 shares during the period. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $3,658,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its position in Annaly Capital Management by 6.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 91,684 shares of the real estate investment trust’s stock worth $2,050,000 after purchasing an additional 5,828 shares during the last quarter. TD Private Client Wealth LLC increased 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 worth $34,000 after purchasing an additional 1,178 shares during the last quarter. Mission Wealth Management LP increased its position in Annaly Capital Management by 8.2% in the fourth quarter. Mission Wealth Management LP now owns 11,634 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 880 shares during the last quarter. North Dakota State Investment Board bought a new stake in Annaly Capital Management in the fourth quarter worth $506,000. Finally, Soltis Investment Advisors LLC bought a new stake in Annaly Capital Management in the fourth quarter worth $252,000. Institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NLY shares. UBS Group reaffirmed a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Royal Bank Of Canada lifted their price objective on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Piper Sandler dropped their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. One equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.22.

Annaly Capital Management Trading Up 1.2%

Shares of NLY opened at $21.85 on Friday. The firm has a market capitalization of $16.01 billion, a P/E ratio of 7.38, a P/E/G ratio of 6.59 and a beta of 1.20. Annaly Capital Management Inc has a 12-month low of $18.58 and a 12-month high of $24.52. The firm has a fifty day moving average price of $21.92 and a 200-day moving average price of $22.49.

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 (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 analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s payout ratio is currently 94.59%.

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.