Diversified Trust Co bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,927 shares of the real estate investment trust's stock, valued at approximately $466,000.
A number of other large investors have also recently bought and sold shares of the stock. Wernau Asset Management Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at $229,000. Charles Schwab Investment Management Inc. lifted its holdings in Annaly Capital Management by 12.2% in 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 purchasing an additional 393,581 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $730,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $4,448,000. Finally, APG Asset Management N.V. purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $4,909,000. Institutional investors and hedge funds own 51.56% of the company's stock.
Annaly Capital Management Price Performance
Shares of NYSE:NLY opened at $18.84 on Tuesday. The business has a 50-day moving average of $19.20 and a two-hundred day moving average of $19.66. The firm has a market capitalization of $11.26 billion, a PE ratio of 21.17, a P/E/G ratio of 4.28 and a beta of 1.23. Annaly Capital Management Inc has a 12 month low of $16.60 and a 12 month high of $22.11.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results 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. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. As a group, research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.
Annaly Capital Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.86%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is presently 314.61%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on NLY shares. 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 research note on Wednesday, April 16th. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research note 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 on the stock in a report on Friday, May 2nd. Royal Bank Of Canada dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.
View Our Latest Report on Annaly Capital Management
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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