Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 99.4% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares during the period. Assetmark Inc. acquired a new stake in Annaly Capital Management in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its holdings in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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 worth $45,000 after acquiring an additional 549 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $19.03 on Wednesday. The company's 50-day moving average is $19.88 and its two-hundred day moving average is $19.77. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping 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 company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. As a group, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.72%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's payout ratio is 314.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NLY shares. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.

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.

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE:NLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.