Crestline Management LP Takes $300,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Crestline Management LP acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,382 shares of the real estate investment trust's stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 buying an additional 5,859,104 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in 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 worth $630,007,000 after purchasing an additional 8,272,674 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Annaly Capital Management by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after purchasing an additional 109,655 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Annaly Capital Management by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after purchasing an additional 814,917 shares in the last quarter. Finally, Northern Trust Corp increased 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 valued at $138,853,000 after buying an additional 3,606,366 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $19.24 on Friday. The business has a 50-day simple moving average of $19.74 and a 200 day simple moving average of $19.76. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a one year low of $16.60 and a one year high of $22.11.

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

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.55%. Annaly Capital Management's dividend payout ratio is 314.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NLY shares. Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler decreased their price objective 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. JPMorgan Chase & Co. reduced their price target on 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. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three investment 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 stock currently 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.

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