Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 3,629.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,722 shares of the real estate investment trust’s stock after acquiring an additional 97,048 shares during the period. GAMMA Investing LLC’s holdings in Annaly Capital Management were worth $2,025,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NLY. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth $31,000. Larson Financial Group LLC grew its holdings in Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Annaly Capital Management during the 4th quarter valued at $39,000. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Annaly Capital Management during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NLY shares. Jones Trading reaffirmed a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $19.18 on Friday. The firm’s 50 day simple moving average is $18.91 and its 200-day simple moving average is $19.71. The company has a market cap of $11.46 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.60%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s payout ratio is presently 314.61%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.