Collar Capital Management LLC Invests $1.53 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Collar Capital Management LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,711 shares of the real estate investment trust's stock, valued at approximately $1,532,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NLY. Assetmark Inc. bought a new stake in shares of Annaly Capital Management during the fourth quarter worth about $31,000. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Larson Financial Group LLC boosted its position in shares of Annaly Capital Management by 34.4% during 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 buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 valued at $45,000 after buying an additional 549 shares during the last quarter. Finally, UMB Bank n.a. grew 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 worth $48,000 after buying an additional 1,030 shares in the last quarter. Institutional investors 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 simple moving average is $19.88 and its two-hundred day simple moving average is $19.77. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11. The stock has a market capitalization of $11.37 billion, a PE ratio of 11.97, a P/E/G ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted 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. The company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. 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 EPS for the current year.

Annaly Capital Management Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on NLY shares. JPMorgan Chase & Co. cut their price objective 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. Keefe, Bruyette & Woods upped their price objective 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 research report on Thursday, January 23rd. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have given 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 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.

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