Renaissance Technologies LLC Sells 1,792,415 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Renaissance Technologies LLC decreased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 99.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,600 shares of the real estate investment trust's stock after selling 1,792,415 shares during the quarter. Renaissance Technologies LLC's holdings in Annaly Capital Management were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Proffitt & Goodson Inc. grew its holdings in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after buying an additional 505 shares in the last quarter. Cannell & Spears LLC grew its holdings in shares of Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after buying an additional 518 shares in the last quarter. LVZ Inc. grew its holdings in shares of Annaly Capital Management by 2.7% during the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after buying an additional 521 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Annaly Capital Management by 29.3% in 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 purchasing an additional 549 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NLY. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased 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. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Piper Sandler decreased their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.10.

Annaly Capital Management Price Performance

NLY traded up $0.24 during trading on Monday, hitting $19.47. The stock had a trading volume of 1,064,141 shares, compared to its average volume of 6,175,220. The company has a 50 day moving average price of $19.74 and a 200-day moving average price of $19.76. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a one year low of $16.60 and a one year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The business had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.38%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Annaly Capital Management 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.