GAMMA Investing LLC Increases Stake in Annaly Capital Management Inc (NYSE:NLY)

GAMMA Investing LLC increased its stake 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 disclosure with the SEC. The institutional investor owned 99,722 shares of the real estate investment trust's stock after purchasing an additional 97,048 shares during the quarter. GAMMA Investing LLC's holdings in Annaly Capital Management were worth $2,025,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Howard Financial Services LTD. grew its holdings in Annaly Capital Management by 4.6% during the 1st quarter. Howard Financial Services LTD. now owns 30,156 shares of the real estate investment trust's stock valued at $612,000 after buying an additional 1,333 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Annaly Capital Management by 135.6% in the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock valued at $23,157,000 after acquiring an additional 728,307 shares during the period. California State Teachers Retirement System grew its stake in Annaly Capital Management by 18.6% during the fourth quarter. California State Teachers Retirement System now owns 980,636 shares of the real estate investment trust's stock valued at $17,946,000 after acquiring an additional 153,940 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Annaly Capital Management by 18.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,688 shares of the real estate investment trust's stock worth $891,000 after acquiring an additional 7,428 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new stake in Annaly Capital Management during the 4th quarter worth approximately $1,251,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NLY. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their target price 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. Royal Bank Of Canada dropped their price target on 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. Finally, Piper Sandler cut their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Stock Performance

NYSE:NLY traded down $0.19 during mid-day trading on Tuesday, reaching $19.03. The stock had a trading volume of 6,093,210 shares, compared to its average volume of 6,648,776. The stock has a market capitalization of $11.37 billion, a P/E ratio of 21.38, a P/E/G ratio of 4.23 and a beta of 1.23. The firm has a 50 day moving average price of $18.95 and a two-hundred day moving average price of $19.70. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share 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 analyst estimates of $418.04 million. Research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.72%. Annaly Capital Management's payout ratio is 314.61%.

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.