Modern Wealth Management LLC Buys Shares of 31,223 Annaly Capital Management Inc $NLY

Modern Wealth Management LLC bought a new position in Annaly Capital Management Inc (NYSE:NLY) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,223 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fourth Dimension Wealth LLC raised its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth about $29,000. Root Financial Partners LLC raised its position in shares of Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares during the period. Mcguire Capital Advisors Inc. bought a new position in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Finally, TD Private Client Wealth LLC grew its position in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of research reports. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company lowered their target price on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $22.43 on Monday. The firm has a 50-day moving average of $22.16 and a 200-day moving average of $22.45. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 6.73 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, beating analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The business had revenue of $892.86 million for the quarter, compared to the consensus estimate of $639.80 million. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3.03 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 75.19%.

More Annaly Capital Management News

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly’s Q2 results and earnings-call commentary pointed to strong momentum, with management highlighting diversified housing finance growth across Agency securities, Residential Credit, and MSR opportunities, along with disciplined capital allocation. The company also reported strong profitability and a 5.5% economic return, which can help reassure investors about earnings durability. Annaly Q2 Earnings Call Highlights Housing Finance Strategy
• Positive Sentiment: Several reports said Annaly’s earnings available for distribution topped its dividend for a ninth straight quarter, and that rising EAD is supporting another dividend increase. For a high-yield mortgage REIT like NLY, this is important because it suggests the payout may remain well covered. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.
• Positive Sentiment: Annaly also raised its quarterly dividend to $0.75 and signaled attractive 14%–16% levered return potential in agency assets, reinforcing the stock’s appeal to income investors. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Neutral Sentiment: JPMorgan and Wells Fargo both lowered their price targets to $24 from higher levels, but kept overweight ratings. That suggests analysts still see upside in NLY, but are somewhat more cautious on valuation and near-term expectations. Analyst price target updates from JPMorgan and Wells Fargo
• Neutral Sentiment: Other coverage framed Annaly as a strong-yield, discounted valuation story, which supports the stock’s income-investor case but does not introduce a major new catalyst. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.

Annaly Capital Management Company 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.