Miracle Mile Advisors LLC Purchases Shares of 10,441 Annaly Capital Management, Inc. (NYSE:NLY)

Miracle Mile Advisors 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 fund acquired 10,441 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Annaly Capital Management during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Annaly Capital Management during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC raised its position in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 549 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter worth $50,000. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the subject of several research analyst reports. Jones Trading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a report on Friday, May 2nd. Royal Bank of Canada cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Annaly Capital Management Stock Down 0.3%

Shares of NYSE:NLY opened at $19.31 on Thursday. The firm has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $19.71. Annaly Capital Management, Inc. has a 52 week low of $16.60 and a 52 week high of $22.11. The stock has a market capitalization of $11.54 billion, a P/E ratio of 12.14, a PEG ratio of 4.89 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 14.50%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s payout ratio is 314.61%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.