Wealthstar Advisors LLC Makes New $527,000 Investment in Annaly Capital Management Inc $NLY

Wealthstar Advisors LLC acquired a new stake in Annaly Capital Management Inc (NYSE:NLY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,895 shares of the real estate investment trust’s stock, valued at approximately $527,000.

A number of other institutional investors also recently bought and sold shares of NLY. Koshinski Asset Management Inc. boosted its stake in shares of Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 463 shares during the period. Fourth Dimension Wealth LLC increased its position in Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the period. GWN Securities Inc. increased its position in Annaly Capital Management by 5.0% in the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 514 shares during the period. Quadrant Capital Group LLC raised its stake in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after acquiring an additional 524 shares during the last quarter. Finally, Strs Ohio raised its stake in Annaly Capital Management by 3.3% during the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 548 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 0.1%

Shares of Annaly Capital Management stock opened at $22.55 on Friday. Annaly Capital Management Inc has a 52-week low of $19.24 and a 52-week high of $24.52. The company’s 50-day simple moving average is $22.07 and its 200-day simple moving average is $22.46. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 6.85 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The firm had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Equities research analysts anticipate that Annaly Capital Management Inc will post 3 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 101.35%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NLY shares. JonesTrading reaffirmed a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Piper Sandler upped their price target on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group restated a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Finally, BTIG Research set a $24.00 price target on Annaly Capital Management in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.44.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.