Wealth Care LLC Invests $512,000 in Annaly Capital Management Inc $NLY

Wealth Care LLC acquired a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,185 shares of the real estate investment trust’s stock, valued at approximately $512,000.

A number of other large investors have also made changes to their positions in NLY. Koshinski Asset Management Inc. increased its position in Annaly Capital Management by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 463 shares in the last quarter. Fourth Dimension Wealth LLC boosted its stake in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. GWN Securities Inc. boosted its stake in shares of Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 514 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Annaly Capital Management by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 524 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its holdings in shares of Annaly Capital Management by 3.4% during the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 551 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $22.38 on Wednesday. The firm’s 50-day simple moving average is $22.08 and its 200-day simple moving average is $22.45. Annaly Capital Management Inc has a 1-year low of $18.70 and a 1-year high of $24.52. The firm has a market cap of $16.40 billion, a P/E ratio of 7.56, a PEG ratio of 7.07 and a beta of 1.17.

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

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.4%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is presently 94.59%.

Wall Street Analyst Weigh In

NLY has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. JonesTrading reiterated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group restated a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.11.

Annaly Capital Management 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.