Janney Montgomery Scott LLC Purchases 29,486 Shares of Annaly Capital Management Inc $NLY

Janney Montgomery Scott LLC grew its position in Annaly Capital Management Inc (NYSE:NLY) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 435,667 shares of the real estate investment trust’s stock after acquiring an additional 29,486 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Annaly Capital Management worth $9,214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NLY. AIA Group Ltd grew its stake in shares of Annaly Capital Management by 124.8% during the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock valued at $3,216,000 after buying an additional 88,341 shares during the last quarter. Horizon Investments LLC bought a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $7,946,000. Brevan Howard Capital Management LP lifted its stake in shares of Annaly Capital Management by 105.4% during the 3rd quarter. Brevan Howard Capital Management LP now owns 275,484 shares of the real estate investment trust’s stock worth $5,568,000 after acquiring an additional 141,384 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Annaly Capital Management by 3.9% during the 4th quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock valued at $44,379,000 after acquiring an additional 74,074 shares during the period. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Annaly Capital Management Trading Up 1.6%

Shares of Annaly Capital Management stock opened at $22.55 on Friday. The stock’s fifty day moving average price is $22.07 and its 200-day moving average price is $22.46. The firm has a market cap of $16.52 billion, a P/E ratio of 7.62, a P/E/G ratio of 6.78 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $19.24 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping 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 company had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Increases Dividend

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

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.