Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Bramshill Investments LLC

Bramshill Investments LLC cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,616 shares of the real estate investment trust's stock after selling 32,925 shares during the period. Bramshill Investments LLC's holdings in Annaly Capital Management were worth $1,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Price T Rowe Associates Inc. MD increased its position in shares of Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Norges Bank purchased a new stake in Annaly Capital Management during the 4th quarter worth about $127,397,000. Vanguard Group Inc. boosted its position in shares of Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after acquiring an additional 5,859,104 shares in the last quarter. KBC Group NV increased its holdings in shares of Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock valued at $95,124,000 after acquiring an additional 3,664,098 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NLY. Piper Sandler lowered their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.10.

Annaly Capital Management Stock Up 0.7 %

Shares of Annaly Capital Management stock traded up $0.14 during trading on Wednesday, reaching $19.16. The company's stock had a trading volume of 6,539,896 shares, compared to its average volume of 6,129,457. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11. The business has a 50 day moving average price of $19.83 and a 200-day moving average price of $19.77. The company has a market capitalization of $11.45 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $418.04 million. Research analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.62%. The ex-dividend date was Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

Annaly Capital Management Company Profile

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.