Trivium Point Advisory LLC Purchases Shares of 52,247 Annaly Capital Management Inc $NLY

Trivium Point Advisory LLC acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,247 shares of the real estate investment trust’s stock, valued at approximately $1,168,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC lifted its holdings in shares of 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 worth $26,000 after acquiring an additional 500 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,136 shares during the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management in the 4th quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its stake in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,178 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NLY has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Piper Sandler lifted their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Trading Down 0.0%

Shares of NYSE:NLY opened at $23.33 on Monday. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16. The company has a 50-day moving average price of $22.61 and a 200-day moving average price of $22.38. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion during 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%. As a group, research analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 12.9%. 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. Annaly Capital Management’s payout ratio is presently 75.19%.

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.