ClearAlpha Technologies LP Sells 20,376 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

ClearAlpha Technologies LP cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,821 shares of the real estate investment trust's stock after selling 20,376 shares during the period. Annaly Capital Management makes up approximately 0.6% of ClearAlpha Technologies LP's holdings, making the stock its 25th biggest position. ClearAlpha Technologies LP's holdings in Annaly Capital Management were worth $857,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC raised its stake in shares of 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 valued at $39,000 after buying an additional 549 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 549 shares during the period. Finally, UMB Bank n.a. boosted its stake in Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,030 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

NLY traded up $0.33 during midday trading on Friday, reaching $19.25. The company had a trading volume of 5,776,487 shares, compared to its average volume of 6,017,780. 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 $20.20 and a two-hundred day moving average price of $19.80. The stock has a market cap of $11.50 billion, a PE ratio of 12.11, a P/E/G ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is 176.10%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NLY shares. JPMorgan Chase & Co. reduced 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 research report on Wednesday, April 16th. Barclays began coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Keefe, Bruyette & Woods cut their target price on Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.08.

About Annaly Capital Management

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.