Collar Capital Management LLC Purchases Shares of 83,711 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 fund purchased 83,711 shares of the real estate investment trust's stock, valued at approximately $1,532,000.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new position in Annaly Capital Management during the 4th quarter worth approximately $31,000. Blue Trust Inc. lifted its position 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 worth $33,000 after purchasing an additional 717 shares in the last quarter. Larson Financial Group LLC increased its stake 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 valued at $39,000 after buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Annaly Capital Management by 29.3% in the 4th 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. increased 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 during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Up 1.7%

Annaly Capital Management stock traded up $0.33 during midday trading on Monday, hitting $19.56. 3,556,549 shares of the stock were exchanged, compared to its average volume of 6,183,591. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The business's 50-day moving average price is $19.74 and its 200-day moving average price is $19.76. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.70 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 14.32%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is 314.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler reduced their price objective 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.