Prime Capital Investment Advisors LLC Sells 2,674 Shares of Annaly Capital Management Inc $NLY

Prime Capital Investment Advisors LLC decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 18.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,537 shares of the real estate investment trust’s stock after selling 2,674 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Annaly Capital Management were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co bought a new stake in Annaly Capital Management during the 1st quarter worth approximately $466,000. Bessemer Group Inc. grew its holdings in shares of Annaly Capital Management by 11.7% in the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 811 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Annaly Capital Management by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust’s stock valued at $77,356,000 after purchasing an additional 196,489 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Annaly Capital Management by 271.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 48,550 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Annaly Capital Management by 8.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust’s stock valued at $7,464,000 after purchasing an additional 28,570 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 1.7%

NYSE:NLY opened at $20.53 on Monday. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 4.87 and a beta of 1.25. The stock has a fifty day simple moving average of $21.09 and a 200-day simple moving average of $19.90. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY) last released 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 277.23%.

Wall Street Analyst Weigh In

NLY has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Jones Trading reaffirmed a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the stock a “cautious” rating in a research note on Monday, October 6th. Six investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.13.

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.