Columbus Macro LLC Increases Position in Annaly Capital Management Inc $NLY

Columbus Macro LLC increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 30.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 542,605 shares of the real estate investment trust’s stock after buying an additional 126,396 shares during the quarter. Annaly Capital Management comprises about 1.2% of Columbus Macro LLC’s holdings, making the stock its 19th largest position. Columbus Macro LLC’s holdings in Annaly Capital Management were worth $11,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC raised its stake in Annaly Capital Management by 27.0% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,031 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 2,980 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Annaly Capital Management by 32.4% in the first quarter. OLD National Bancorp IN now owns 12,248 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 3,000 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Annaly Capital Management during the first quarter worth approximately $4,406,000. Fiduciary Alliance LLC lifted its holdings in shares of Annaly Capital Management by 2.6% during the first quarter. Fiduciary Alliance LLC now owns 28,420 shares of the real estate investment trust’s stock worth $643,000 after purchasing an additional 729 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Annaly Capital Management by 46.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 21,934 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 6,964 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NLY. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler reduced their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, JonesTrading reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $22.54 on Friday. The company has a market cap of $16.52 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 6.81 and a beta of 1.17. Annaly Capital Management Inc has a one year low of $18.64 and a one year high of $24.52. The business has a fifty day moving average of $22.06 and a two-hundred day moving average of $22.45.

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

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.3%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 94.59%.

About Annaly Capital Management

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.