Park Avenue Securities LLC Grows Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Park Avenue Securities LLC lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 188.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,615 shares of the real estate investment trust's stock after purchasing an additional 21,962 shares during the quarter. Park Avenue Securities LLC's holdings in Annaly Capital Management were worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NLY. Tallon Kerry Patrick bought a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $671,000. Stratos Wealth Partners LTD. boosted its position in Annaly Capital Management by 21.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,154 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 2,469 shares during the last quarter. Empowered Funds LLC purchased a new position in Annaly Capital Management in the fourth quarter worth $297,000. Louisiana State Employees Retirement System boosted its position in Annaly Capital Management by 12.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 155,600 shares of the real estate investment trust's stock worth $2,847,000 after purchasing an additional 16,700 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Annaly Capital Management by 13.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 210,119 shares of the real estate investment trust's stock worth $3,980,000 after purchasing an additional 24,791 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 1.6%

Shares of NYSE:NLY traded down $0.31 during midday trading on Friday, reaching $19.18. 5,778,375 shares of the company traded hands, compared to its average volume of 6,615,840. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. The firm's fifty day moving average price is $18.91 and its two-hundred day moving average price is $19.71.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results 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. The business had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 14.60%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's payout ratio is currently 314.61%.

Wall Street Analyst Weigh In

NLY has been the topic of several research analyst reports. Royal Bank of Canada cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jones Trading reissued a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Finally, Piper Sandler dropped 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.