GAMMA Investing LLC Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

GAMMA Investing LLC increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 3,629.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,722 shares of the real estate investment trust's stock after buying an additional 97,048 shares during the period. GAMMA Investing LLC's holdings in Annaly Capital Management were worth $2,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in 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 worth $1,001,407,000 after buying an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Annaly Capital Management by 31.6% in 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 during the period. Geode Capital Management LLC boosted its holdings 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 worth $172,706,000 after buying an additional 814,917 shares during the period. Northern Trust Corp boosted its holdings 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 worth $138,853,000 after buying an additional 3,606,366 shares during the period. Finally, Norges Bank bought a new position in Annaly Capital Management in the 4th quarter worth approximately $127,397,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Down 1.6%

Shares of Annaly Capital Management stock traded down $0.31 on Friday, hitting $19.18. 5,778,375 shares of the company traded hands, compared to its average volume of 6,615,840. The firm's 50-day simple moving average is $18.91 and its 200 day simple moving average is $19.71. The company 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 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 quarterly earnings data 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. The firm had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.60%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analyst Ratings Changes

Several research analysts recently commented on NLY shares. Piper Sandler cut their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target 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. Royal Bank of Canada cut their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.