Integrated Advisors Network LLC Invests $2.20 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Integrated Advisors Network LLC bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 108,083 shares of the real estate investment trust's stock, valued at approximately $2,196,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Annaly Capital Management by 31.6% during 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 acquiring an additional 8,272,674 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Annaly Capital Management by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock worth $332,665,000 after acquiring an additional 109,655 shares during the period. Geode Capital Management LLC raised its holdings in shares of Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after acquiring an additional 814,917 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded down $0.31 on Friday, reaching $19.18. 5,778,375 shares of the company were exchanged, compared to its average volume of 6,634,010. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The company has a market cap of $11.46 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. The stock's 50 day moving average price is $18.91 and its 200-day moving average price is $19.71.

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 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, research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 14.60%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

Wall Street Analysts Forecast Growth

NLY has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on shares of 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 issued a $21.00 price objective on shares of Annaly Capital Management in a report 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 report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average target price of $21.00.

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.