68,081 Shares in Annaly Capital Management Inc $NLY Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,081 shares of the real estate investment trust’s stock, valued at approximately $1,376,000.

A number of other large investors have also recently bought and sold shares of the business. Samalin Investment Counsel LLC lifted its stake in shares of Annaly Capital Management by 5.1% in the 3rd quarter. Samalin Investment Counsel LLC now owns 31,190 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 1,518 shares during the period. Allstate Corp acquired a new stake in Annaly Capital Management during the third quarter worth approximately $454,000. Wealth Enhancement Advisory Services LLC increased its holdings in Annaly Capital Management by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 60,354 shares of the real estate investment trust’s stock worth $1,243,000 after purchasing an additional 2,325 shares in the last quarter. Amalgamated Bank lifted its stake in Annaly Capital Management by 6.7% in the third quarter. Amalgamated Bank now owns 293,154 shares of the real estate investment trust’s stock valued at $5,925,000 after buying an additional 18,437 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Annaly Capital Management by 10.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 32,036 shares of the real estate investment trust’s stock worth $647,000 after buying an additional 2,975 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.0%

Shares of NLY stock opened at $23.85 on Friday. The firm has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $21.56. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $24.40. The firm has a market capitalization of $16.29 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 7.35 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. On average, equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 11.7%. Annaly Capital Management’s payout ratio is 129.63%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NLY. Barclays set a $23.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and issued a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, January 6th. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.81.

About Annaly Capital Management

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.