Avidian Wealth Solutions LLC Purchases New Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Avidian Wealth Solutions LLC acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,029 shares of the real estate investment trust’s stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NLY. Focused Wealth Management Inc bought a new position in Annaly Capital Management in the 3rd quarter worth $29,000. AlphaMark Advisors LLC grew its position in shares of Annaly Capital Management by 185.4% in the 3rd quarter. AlphaMark Advisors LLC now owns 3,511 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 2,281 shares during the period. Marshall Wace LLP purchased a new stake in shares of Annaly Capital Management in the 1st quarter worth about $30,000. Herold Advisors Inc. purchased a new stake in shares of Annaly Capital Management in the 3rd quarter worth about $40,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Annaly Capital Management in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 41.59% of the company’s stock.

Shares of NLY stock opened at $7.94 on Friday. The company’s 50-day moving average is $8.23 and its 200 day moving average is $8.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 4.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. Annaly Capital Management, Inc. has a one year low of $7.67 and a one year high of $9.64.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 27th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Annaly Capital Management had a net margin of 136.60% and a return on equity of 14.22%. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, research analysts predict that Annaly Capital Management, Inc. will post 1.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, December 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date is Thursday, December 30th. Annaly Capital Management’s payout ratio is presently 45.36%.

NLY has been the topic of a number of recent research reports. Barclays downgraded shares of Annaly Capital Management from an “overweight” rating to an “equal weight” rating and set a $9.00 target price on the stock. in a research report on Friday, October 29th. TheStreet raised shares of Annaly Capital Management from a “c” rating to a “b-” rating in a research report on Tuesday, November 23rd. Finally, Piper Sandler downgraded shares of Annaly Capital Management from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $8.50 in a research report on Wednesday, October 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.15.

Annaly Capital Management Profile

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, Commercial Credit and Middle Market Lending. 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.

Further Reading: Are sell-side analysts objective?

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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