Creative Planning cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,058 shares of the real estate investment trust’s stock after selling 3,740 shares during the period. Creative Planning’s holdings in Annaly Capital Management were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its holdings in Annaly Capital Management by 44.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 10,982 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 3,354 shares in the last quarter. KG&L Capital Management LLC lifted its holdings in shares of Annaly Capital Management by 11.8% in the second quarter. KG&L Capital Management LLC now owns 17,148 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 1,815 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Annaly Capital Management by 492.8% in the second quarter. Salem Investment Counselors Inc. now owns 2,223 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,848 shares in the last quarter. LVZ Inc. lifted its holdings in shares of Annaly Capital Management by 15.4% in the second quarter. LVZ Inc. now owns 76,393 shares of the real estate investment trust’s stock valued at $1,529,000 after purchasing an additional 10,172 shares in the last quarter. Finally, Proffitt & Goodson Inc. lifted its holdings in shares of Annaly Capital Management by 2.4% in the second quarter. Proffitt & Goodson Inc. now owns 50,646 shares of the real estate investment trust’s stock valued at $1,013,000 after purchasing an additional 1,188 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on NLY shares. Jonestrading restated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, August 3rd. StockNews.com started coverage on Annaly Capital Management in a report on Thursday, October 5th. They issued a “sell” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Tuesday, August 1st. Piper Sandler lifted their target price on Annaly Capital Management from $21.50 to $22.00 in a research report on Friday, July 28th. Finally, UBS Group raised Annaly Capital Management from a “neutral” rating to a “buy” rating and lifted their target price for the company from $21.00 to $24.00 in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $22.29.
Annaly Capital Management Price Performance
Shares of NYSE NLY opened at $17.54 on Friday. The business’s 50 day moving average price is $19.44 and its two-hundred day moving average price is $19.51. The company has a market cap of $8.66 billion, a PE ratio of -4.20 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. Annaly Capital Management, Inc. has a twelve month low of $16.33 and a twelve month high of $24.43.
Annaly Capital Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 14.82%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -62.20%.
About Annaly Capital Management
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.
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