Peak Financial Advisors LLC Acquires New Shares in Annaly Capital Management Inc $NLY

Peak Financial Advisors LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY) in the 1st quarter, Holdings Channel reports. The firm acquired 22,470 shares of the real estate investment trust’s stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares during the period. State Street Corp raised its holdings in Annaly Capital Management by 8.4% in the 4th quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock valued at $608,994,000 after buying an additional 2,053,451 shares during the period. Geode Capital Management LLC raised its holdings in Annaly Capital Management by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after buying an additional 1,503,559 shares during the period. Norges Bank purchased a new stake in Annaly Capital Management in the 4th quarter valued at about $162,477,000. Finally, Morgan Stanley lifted its position in Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock valued at $156,013,000 after buying an additional 1,751,509 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.1%

NLY stock opened at $22.92 on Monday. The business’s fifty day moving average price is $22.07 and its 200 day moving average price is $22.45. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52. The company has a market capitalization of $16.79 billion, a PE ratio of 7.74, a P/E/G ratio of 7.01 and a beta of 1.17.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. Research analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JonesTrading reaffirmed a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Company Profile

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.