Sigma Planning Corp Has $990,000 Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Posted by Defense World Staff on Apr 7th, 2023

Sigma Planning Corp increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,954 shares of the real estate investment trust’s stock after acquiring an additional 15,761 shares during the period. Sigma Planning Corp’s holdings in Annaly Capital Management were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NLY. Goldman Sachs Group Inc. lifted its position in shares of Annaly Capital Management by 166.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after buying an additional 9,279,874 shares in the last quarter. State Street Corp lifted its position in shares of Annaly Capital Management by 14.0% during the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock worth $212,614,000 after buying an additional 4,263,394 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after buying an additional 3,668,441 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Annaly Capital Management by 34.4% during the 2nd quarter. Legal & General Group Plc now owns 14,288,781 shares of the real estate investment trust’s stock worth $84,449,000 after buying an additional 3,657,320 shares in the last quarter. Finally, Centiva Capital LP lifted its position in shares of Annaly Capital Management by 110.4% during the 2nd quarter. Centiva Capital LP now owns 208,536 shares of the real estate investment trust’s stock worth $1,232,000 after buying an additional 2,208,536 shares in the last quarter. Institutional investors and hedge funds own 52.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Annaly Capital Management in a research note on Thursday, March 16th. They set a “sell” rating for the company. Jonestrading initiated coverage on shares of Annaly Capital Management in a research note on Monday, December 19th. They issued a “buy” rating and a $22.50 price objective for the company. Barclays lifted their price objective on shares of Annaly Capital Management from $19.00 to $24.00 in a research note on Friday, January 6th. Argus lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. They noted that the move was a valuation call. Finally, Piper Sandler reduced their price objective on shares of Annaly Capital Management from $22.00 to $20.00 in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.28.

Annaly Capital Management Stock Down 0.7 %

NLY opened at $19.18 on Friday. The firm’s 50 day simple moving average is $20.53 and its two-hundred day simple moving average is $20.46. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 6.84. The company has a market capitalization of $9.47 billion, a PE ratio of 3.85 and a beta of 1.36. Annaly Capital Management, Inc. has a 1-year low of $15.11 and a 1-year high of $27.96.

Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $135.09 million during the quarter, compared to analysts’ expectations of $426.09 million. Annaly Capital Management had a net margin of 62.09% and a return on equity of 19.23%. The company’s revenue for the quarter was down 62.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.87 EPS for the current year.

Annaly Capital Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, March 30th. This represents a $2.60 annualized dividend and a yield of 13.56%. Annaly Capital Management’s payout ratio is 52.21%.

About Annaly Capital Management

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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.