Brookwood Investment Group LLC Buys Shares of 32,721 Annaly Capital Management Inc (NYSE:NLY)

Brookwood Investment Group LLC purchased a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,721 shares of the real estate investment trust's stock, valued at approximately $665,000.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position 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 buying an additional 8,272,674 shares in the last quarter. Norges Bank bought a new position in Annaly Capital Management during the 4th quarter valued at $127,397,000. 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 valued at $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. Northern Trust Corp increased its position 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 valued at $138,853,000 after purchasing an additional 3,606,366 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of 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 worth $172,706,000 after buying an additional 814,917 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NLY. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday. Royal Bank Of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Piper Sandler dropped their target price 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. Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Stock Up 1.3%

NYSE:NLY traded up $0.28 during trading hours on Friday, hitting $20.84. 7,145,747 shares of the stock traded hands, compared to its average volume of 7,114,241. The firm has a 50 day moving average price of $19.38 and a 200 day moving average price of $19.77. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 4.52 and a beta of 1.22. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Equities 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 business 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.44%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is currently 277.23%.

About Annaly Capital Management

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.