Aptus Capital Advisors LLC Acquires New Shares in Annaly Capital Management, Inc. (NYSE:NLY)

Aptus Capital Advisors LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,779 shares of the real estate investment trust’s stock, valued at approximately $198,000.

Several other large investors have also recently bought and sold shares of NLY. Proffitt & Goodson Inc. raised its holdings in Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock valued at $971,000 after buying an additional 505 shares during the last quarter. Cannell & Spears LLC lifted its holdings in shares of Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust’s stock worth $755,000 after purchasing an additional 518 shares during the period. LVZ Inc. grew its stake in shares of Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 521 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Annaly Capital Management by 29.3% in the fourth 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 during the period. Finally, Larson Financial Group LLC raised its position 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 worth $39,000 after purchasing an additional 549 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NLY has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. 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. Jones Trading restated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.10.

Annaly Capital Management Stock Down 0.2 %

Shares of NLY opened at $19.24 on Friday. The stock has a market cap of $11.50 billion, a P/E ratio of 12.10, a P/E/G ratio of 4.89 and a beta of 1.25. The business’s fifty day moving average is $19.74 and its 200 day moving average is $19.76. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11.

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

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date was Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is currently 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.