16,382 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Purchased by Crestline Management LP

Crestline Management LP bought a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,382 shares of the real estate investment trust's stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC raised its stake in Annaly Capital Management by 93.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after purchasing an additional 132,891 shares during the period. Howard Financial Services LTD. purchased a new position in Annaly Capital Management during the 4th quarter valued at approximately $527,000. Tandem Financial LLC purchased a new position in Annaly Capital Management during the 4th quarter valued at approximately $327,000. Wernau Asset Management Inc. purchased a new position in Annaly Capital Management during the 4th quarter valued at approximately $229,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Annaly Capital Management by 12.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after buying an additional 393,581 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler cut their price target 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. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.

Annaly Capital Management Stock Performance

NYSE:NLY traded up $0.19 during mid-day trading on Friday, hitting $19.90. 2,254,426 shares of the company's stock traded hands, compared to its average volume of 6,223,545. The company has a fifty day moving average of $19.57 and a 200 day moving average of $19.76. The company has a market capitalization of $11.89 billion, a P/E ratio of 12.51, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $418.04 million. On average, research analysts expect 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. Investors of record on Monday, March 31st were issued a $0.70 dividend. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.07%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

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.