Stratos Wealth Advisors LLC Purchases 1,288 Shares of Annaly Capital Management Inc (NYSE:NLY)

Stratos Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,847 shares of the real estate investment trust’s stock after purchasing an additional 1,288 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Annaly Capital Management were worth $5,623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NLY. Values First Advisors Inc. boosted its stake in Annaly Capital Management by 3.1% in the first quarter. Values First Advisors Inc. now owns 31,262 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 938 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Annaly Capital Management in the first quarter valued at about $625,000. Envestnet Asset Management Inc. boosted its stake in Annaly Capital Management by 112.4% in the first quarter. Envestnet Asset Management Inc. now owns 1,028,089 shares of the real estate investment trust’s stock valued at $20,880,000 after buying an additional 544,046 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Annaly Capital Management by 14.3% in the first quarter. Penserra Capital Management LLC now owns 84,007 shares of the real estate investment trust’s stock valued at $1,706,000 after buying an additional 10,530 shares in the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in Annaly Capital Management by 2.1% in the first quarter. Proffitt & Goodson Inc. now owns 54,163 shares of the real estate investment trust’s stock valued at $1,100,000 after buying an additional 1,123 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price target 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. Jones Trading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Finally, Piper Sandler lowered their price objective on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.33 on Tuesday. The company has a market cap of $11.55 billion, a P/E ratio of 21.72, a PEG ratio of 4.29 and a beta of 1.22. The stock has a 50 day simple moving average of $19.23 and a two-hundred day simple moving average of $19.66. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. On average, research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.49%. Annaly Capital Management’s payout ratio is 314.61%.

Annaly Capital Management 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.