Merit Financial Group LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,030 shares of the real estate investment trust's stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds also recently modified their holdings of NLY. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Annaly Capital Management by 31.6% during the fourth 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 buying an additional 8,272,674 shares in the last quarter. Geode Capital Management LLC raised its position in Annaly Capital Management by 9.4% in the 4th 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 buying an additional 814,917 shares during the last quarter. Northern Trust Corp raised its position in Annaly Capital Management by 90.6% in the 4th 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 last quarter. Finally, Norges Bank bought a new stake in Annaly Capital Management in the 4th quarter valued at approximately $127,397,000. 51.56% of the stock is owned by institutional investors.
Annaly Capital Management Stock Performance
NLY traded down $0.31 on Friday, reaching $19.18. The company had a trading volume of 5,778,375 shares, compared to its average volume of 6,634,010. The stock has a market cap of $11.46 billion, a P/E ratio of 12.06, a P/E/G ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company's fifty day moving average is $18.91 and its 200 day moving average is $19.71.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $186.64 million during the quarter, compared to analysts' expectations 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 expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is 314.61%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.00.
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About Annaly Capital Management
(
Free Report)
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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