Compass Financial Management LLC Makes New Investment in Annaly Capital Management Inc $NLY

Compass Financial Management LLC purchased a new position in Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 122,178 shares of the real estate investment trust’s stock, valued at approximately $2,763,000.

A number of other hedge funds also recently modified their holdings of the business. Greenland Capital Management LP lifted its holdings in shares of Annaly Capital Management by 30.0% during the 2nd quarter. Greenland Capital Management LP now owns 39,000 shares of the real estate investment trust’s stock valued at $872,000 after purchasing an additional 9,000 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Annaly Capital Management during the 2nd quarter worth approximately $382,000. Emerald Investment Advisers LLC increased its stake in Annaly Capital Management by 89.4% during the 2nd quarter. Emerald Investment Advisers LLC now owns 63,573 shares of the real estate investment trust’s stock worth $1,421,000 after purchasing an additional 30,003 shares in the last quarter. Ieq Capital LLC raised its holdings in Annaly Capital Management by 26.4% during the 2nd quarter. Ieq Capital LLC now owns 30,286 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 6,324 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in Annaly Capital Management by 9.9% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 16,081 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 1,444 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $23.17 on Friday. The business’s 50 day simple moving average is $22.79 and its 200 day simple moving average is $22.38. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52. The firm has a market cap of $17.46 billion, a PE ratio of 5.81, a P/E/G ratio of 6.05 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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $639.80 million. As a group, equities research analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on NLY shares. Piper Sandler upped their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.33.

About Annaly Capital Management

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.