Annaly Capital Management Inc $NLY Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Annaly Capital Management Inc (NYSE:NLY) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 463,393 shares of the real estate investment trust’s stock after acquiring an additional 27,726 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Annaly Capital Management worth $10,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NLY. Fourth Dimension Wealth LLC boosted its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $29,000. 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 valued at $28,000 after buying an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $31,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of 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 buying an additional 1,178 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $23.33 on Friday. The company has a market capitalization of $17.58 billion, a P/E ratio of 5.85, a P/E/G ratio of 6.09 and a beta of 1.16. The company has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $22.40. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, research analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is 75.19%.

Wall Street Analyst Weigh In

NLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Zacks Research upgraded Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lowered their target price on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price 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.