Jupiter Topco LLC Purchases Shares of 31,813 Annaly Capital Management Inc $NLY

Jupiter Topco LLC acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,813 shares of the real estate investment trust’s stock, valued at approximately $711,000.

Several other large investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC lifted its holdings in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC increased its stake in Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth about $31,000. TD Private Client Wealth LLC raised its holdings in Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in Annaly Capital Management during the fourth quarter valued at about $37,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

NLY stock opened at $22.84 on Monday. The firm has a 50 day simple moving average of $22.90 and a 200 day simple moving average of $22.38. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week high of $24.52. The stock has a market cap of $17.21 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.79 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Sell-side analysts predict that Annaly Capital Management Inc will post 3.09 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.1%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

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.