Annaly Capital Management Inc $NLY Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 45.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 124,321 shares of the real estate investment trust’s stock after acquiring an additional 39,051 shares during the period. Simplicity Wealth LLC’s holdings in Annaly Capital Management were worth $2,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NLY. Fourth Dimension Wealth LLC grew its position in Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares during the period. Root Financial Partners LLC raised 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 worth $28,000 after acquiring an additional 1,136 shares during the period. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC grew its position in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.0%

NLY opened at $23.33 on Monday. The firm has a market capitalization of $17.58 billion, a PE ratio of 5.85, a PEG ratio of 6.09 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The firm’s 50-day moving average price is $22.61 and its 200 day moving average price is $22.38.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating 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 $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. As a group, analysts predict that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NLY shares. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler boosted their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. JonesTrading reissued a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

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.