Annaly Capital Management Inc $NLY Position Raised by Fortem Financial Group LLC

Fortem Financial Group LLC grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,851 shares of the real estate investment trust’s stock after acquiring an additional 31,912 shares during the quarter. Fortem Financial Group LLC’s holdings in Annaly Capital Management were worth $4,100,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 29,978 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Annaly Capital Management by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 4,205 shares during the period. Millennium Management LLC increased its stake in shares of Annaly Capital Management by 17.4% in the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after purchasing an additional 80,481 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Annaly Capital Management by 20.8% during the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after buying an additional 2,607,784 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.1%

Shares of NYSE:NLY opened at $22.20 on Friday. The company has a 50 day moving average of $22.05 and a 200-day moving average of $22.46. The firm has a market cap of $16.26 billion, a P/E ratio of 7.50, a P/E/G ratio of 6.78 and a beta of 1.17. Annaly Capital Management Inc has a twelve month low of $18.64 and a twelve month high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data 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. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Equities research analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Increases Dividend

The company 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. The ex-dividend date is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.5%. Annaly Capital Management’s payout ratio is 94.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday. JonesTrading reiterated a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. UBS Group reiterated a “neutral” rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Piper Sandler lowered their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. One equities research 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. Based on data from MarketBeat.com, 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.