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

HighTower Advisors LLC lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 82.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,595 shares of the real estate investment trust’s stock after acquiring an additional 73,870 shares during the quarter. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $3,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NLY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after acquiring an additional 4,286,893 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $63,699,000. Goldman Sachs Group Inc. raised its holdings in shares of Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Annaly Capital Management in the third quarter valued at about $40,234,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $21.85 on Friday. The company has a market capitalization of $16.01 billion, a PE ratio of 7.38, a P/E/G ratio of 6.59 and a beta of 1.20. The company has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $22.49. Annaly Capital Management Inc has a one year low of $18.58 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. On average, equities analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on NLY shares. Royal Bank Of Canada lifted their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Piper Sandler reduced their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $24.22.

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.