May 16, 2023 – Annaly Capital Management, Inc. (NYSE:NLY) has found itself in the spotlight recently as the Treasurer of the State of North Carolina increased its holdings in the company during the fourth quarter by 4.0%. This brought their total investment to a staggering 233,745 shares valued at $4,927,000. As one of the top real estate investment trusts (REITs) in America, Annaly Capital Management continues to attract attention from analysts and investors alike.
According to its most recent disclosure with the Securities & Exchange Commission, Annaly Capital Management is poised for success despite challenges facing the industry. The company’s positive return on equity of 18.86% and a negative net margin of 38.80% during Q1 exceeded analysts’ expectations. The company had revenue of $818.25 million for the quarter, compared to expectations of $183.00 million.
Annaly Capital Management operates through three separate investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities while Residential Credit invests in non-agency residential mortgage assets within securitized products and whole loan markets.
The current fiscal year looks promising for Annaly Capital Management with analysts forecasting an EPS of 2.86 which is higher than last year’s earnings per share. Analysts have predicted that this forecast will be met or even exceeded based on current performance indicators.
Real estate investment trusts like Annaly Capital Management continue to draw attention from investors looking for viable alternatives to traditional bond investments and other low-yielding financial instruments.
In conclusion, Annaly Capital Management is a solid investment option for individuals and institutions seeking exposure to real estate assets while enjoying attractive dividend yields without taking on direct ownership responsibilities and dealing with related management complexities. As always though it remains prudent that investors do their due diligence before making any investments decisions regardless how attractive an investment may appear.
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Annaly Capital Management, Inc. Experiences Changes in Holdings as Hedge Funds and Institutional Investors Join In
Annaly Capital Management, Inc. has experienced several changes in its position with various hedge funds and institutional investors recently. Atticus Wealth Management LLC made a significant financial move during the fourth quarter by acquiring a new position worth $26,000 in Annaly Capital Management. Similarly, Romano Brothers AND Company added a new position worth $30,000 to their portfolio during the same period. Glassman Wealth Services acquired an additional 1,073 shares during the fourth quarter and now owns 1,440 shares of the company’s stock worth $30,000 after increasing its holdings by 292.4%. Evermay Wealth Management LLC also increased its positions by buying an additional 962 shares during the last quarter amounting to a total of $32,000 for Annaly Capital Management’s stock while Wipfli Financial Advisors also joined these investments by acquiring a new position in Annaly Capital Management with an investment of $31,000.
The majority of this real estate investment trust is owned by institutional investors and hedge funds as 52.80% of the company stocks are under their possession.
Annaly Capital Management opened at NYSE:NLY at $18.83 on Tuesday with a current ratio of 0.08 and quick ratio of 0.08 alongside a debt-to-equity ratio of 0.85; it has remained consistent in the past several days with fifty-day simple moving average stock price around $19.04 and two hundred-day simple moving average stock price hovering at $20.60 per share value.
As for its financial operation details, Annaly Capital Management invests and finances residential and commercial assets operations through three main investment groups: Agency Group which specializes in agency mortgage-backed securities investments; Residential Credit Group which deals with non-agency residential mortgage assets within securitized products and whole loan markets; Mortgage Servicing Rights Group operates around investing in servicing related assets where gain on sale activities remain the primary source of its revenue streams.
This NYSE-listed real estate investment trust has also recently announced its quarterly dividend on Friday, April 28th. Shareholders got $0.65 per share, representing $2.60 per year dividend with a yield of 13.81%. However, Annaly Capital Management’s payout ratio is currently at -115.56%.
Investment brokerages have weighed in their ratings for NLY, depicting varying perspectives. While Argus downgraded their rating from “buy” to “hold” on Tuesday, February 21st indicating it to be purely valuation-based move, Royal Bank of Canada increased their price objective on shares of Annaly Capital Management from $20.00 to $24.00 and gave them an “outperform” rating back in February itself as per the latest report accounts. In May this year, Piper Sandler rated the company’s stock with an “overweight” rating while previously it was labeled as neutral and increased their price objective from $20.00 to $21.50.
StockNews.com began covering the stocks in March ending wherein they gave a sell rating for the company’s stocks after which Wells Fargo & Company reduced their target price on shares from $23 to $21 however giving no ratings or reviews regarding its position making out Anally Capital stand at three hold positions with just one sell and five buy positions drawing an average rating of ‘Moderate Buy’ is a positive indication for investors to take note off with currently an average price target positioned around %22.28 as per data from Bloomberg.com reflecting good investment prospects up ahead for current or prospective stakeholders looking forward toward investing in stocks sectors dealing in residential and commercial assets financing under NYSE franchises during 2023.
