Simplicity Wealth LLC Raises Stock Position in Annaly Capital Management Inc $NLY

Simplicity Wealth LLC grew its position in Annaly Capital Management Inc (NYSE:NLY) by 45.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 124,321 shares of the real estate investment trust’s stock after purchasing an additional 39,051 shares during the period. Simplicity Wealth LLC’s holdings in Annaly Capital Management were worth $2,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. AQR Capital Management LLC raised its position in shares of Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 29,978 shares during the period. Integrated Wealth Concepts LLC grew its position in Annaly Capital Management by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 4,205 shares during the period. Millennium Management LLC increased its stake in Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after acquiring an additional 80,481 shares during the last quarter. NewEdge Advisors LLC increased its stake in Annaly Capital Management by 20.8% during the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $23.33 on Monday. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The company has a 50 day moving average price of $22.61 and a 200 day moving average price of $22.38. The stock has a market capitalization of $17.58 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. On average, research analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. Annaly Capital Management’s payout ratio is currently 75.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. JonesTrading reaffirmed a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Piper Sandler lifted their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.33.

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.