Balyasny Asset Management L.P. Sells 1,634,345 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Balyasny Asset Management L.P. lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,130,390 shares of the real estate investment trust's stock after selling 1,634,345 shares during the quarter. Balyasny Asset Management L.P. owned 0.74% of Annaly Capital Management worth $75,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in Annaly Capital Management by 31.6% during 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 in the last quarter. Norges Bank acquired a new stake in shares of Annaly Capital Management during the fourth quarter valued at about $127,397,000. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 12.0% during the fourth 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 during the last quarter. KBC Group NV lifted its stake in shares of Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after acquiring an additional 3,664,098 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Annaly Capital Management by 90.6% in the fourth 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.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.04 on Friday, hitting $19.24. The stock had a trading volume of 8,815,575 shares, compared to its average volume of 6,193,243. The firm's 50 day moving average price is $19.74 and its 200-day moving average price is $19.76. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.

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 (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 firm 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 year.

Annaly Capital Management Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.55%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is presently 314.61%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NLY shares. JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler cut their price objective 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.10.

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.