Nelson Van Denburg & Campbell Wealth Management Group LLC Has $220,000 Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Posted by Defense World Staff on Aug 21st, 2023

Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 4,360.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,508 shares of the real estate investment trust’s stock after purchasing an additional 11,250 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Annaly Capital Management were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NLY. Bank of Montreal Can lifted its stake in Annaly Capital Management by 24.0% in the 1st quarter. Bank of Montreal Can now owns 381,525 shares of the real estate investment trust’s stock valued at $2,828,000 after acquiring an additional 73,892 shares in the last quarter. MetLife Investment Management LLC bought a new position in Annaly Capital Management in the first quarter valued at $199,000. Rhumbline Advisers increased its stake in Annaly Capital Management by 3.3% in the 1st quarter. Rhumbline Advisers now owns 1,185,123 shares of the real estate investment trust’s stock valued at $8,343,000 after buying an additional 37,762 shares during the last quarter. Yousif Capital Management LLC lifted its position in Annaly Capital Management by 6.6% during the 1st quarter. Yousif Capital Management LLC now owns 97,368 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 6,043 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new position in shares of Annaly Capital Management during the 1st quarter worth about $163,000. 51.24% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $19.10 on Monday. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of -4.57 and a beta of 1.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.95. Annaly Capital Management, Inc. has a 12 month low of $15.11 and a 12 month high of $27.04. The stock’s 50 day moving average is $20.04 and its 200-day moving average is $19.82.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.61%. Annaly Capital Management’s payout ratio is presently -62.20%.

Analysts Set New Price Targets

NLY has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Annaly Capital Management from $23.00 to $21.00 in a research note on Friday, April 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Tuesday, August 1st. Jonestrading restated a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Piper Sandler raised their target price on shares of Annaly Capital Management from $21.50 to $22.00 in a research note on Friday, July 28th. Finally, StockNews.com began coverage on Annaly Capital Management in a research report on Thursday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.31.

Check Out Our Latest Report on NLY

About Annaly Capital Management

(Free Report)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities.