FWL Investment Management LLC Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

FWL Investment Management LLC grew its position in Annaly Capital Management, Inc. (NYSE:NLY) by 225.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,579 shares of the real estate investment trust’s stock after acquiring an additional 17,729 shares during the quarter. FWL Investment Management LLC’s holdings in Annaly Capital Management were worth $468,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC lifted its stake in Annaly Capital Management by 93.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock worth $5,043,000 after purchasing an additional 132,891 shares during the last quarter. Howard Financial Services LTD. bought a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $527,000. Tandem Financial LLC purchased a new position in Annaly Capital Management during the 4th quarter valued at $327,000. Wernau Asset Management Inc. bought a new position in Annaly Capital Management in the 4th quarter valued at $229,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Annaly Capital Management by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust’s stock worth $66,105,000 after purchasing an additional 393,581 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.16 on Thursday. The business has a fifty day moving average price of $19.83 and a 200 day moving average price of $19.77. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The stock has a market capitalization of $11.45 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm 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%. As a group, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.62%. Annaly Capital Management’s dividend payout ratio is presently 314.61%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Jones Trading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler dropped their price objective on 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. Finally, JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.10.

Annaly Capital Management Company Profile

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.