Annaly Capital Management, Inc. (NYSE:NLY) Stake Lessened by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 28.4% during the 4th quarter, according to its most recent filing 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 about 0.74% of Annaly Capital Management worth $75,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Price T Rowe Associates Inc. MD increased its holdings 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 acquiring an additional 8,272,674 shares during the period. Norges Bank acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth about $127,397,000. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 12.0% in 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 during the period. KBC Group NV increased its stake in shares of Annaly Capital Management by 238.9% during 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 during the period. Finally, Northern Trust Corp lifted its position in 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 valued at $138,853,000 after purchasing an additional 3,606,366 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.14 during trading hours on Wednesday, reaching $19.16. 6,539,896 shares of the company were exchanged, compared to its average volume of 6,129,457. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.89 and a beta of 1.25. The stock has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $19.77. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $418.04 million. On average, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.62%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 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.