Bogart Wealth LLC Has $47,000 Stock Holdings in Annaly Capital Management Inc $NLY

Bogart Wealth LLC increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 416.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,480 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Bogart Wealth LLC’s holdings in Annaly Capital Management were worth $47,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management during the first quarter worth approximately $28,000. Twin Tree Management LP acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $29,000. MCF Advisors LLC raised its position in Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,598 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Annaly Capital Management in the 1st quarter worth approximately $36,000. Finally, Quarry LP lifted its holdings in Annaly Capital Management by 105.9% during the 1st quarter. Quarry LP now owns 2,496 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,284 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.3%

Annaly Capital Management stock opened at $21.05 on Wednesday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 5.00 and a beta of 1.25. The company’s 50 day simple moving average is $21.12 and its 200 day simple moving average is $19.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management’s dividend payout ratio is currently 277.23%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NLY. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday. Jones Trading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Piper Sandler set a $22.50 price objective on Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the company a “cautious” rating in a research report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.50.

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.