Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 188.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,615 shares of the real estate investment trust's stock after acquiring an additional 21,962 shares during the period. Park Avenue Securities LLC's holdings in Annaly Capital Management were worth $683,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC increased its holdings in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $39,000. Smartleaf Asset Management LLC lifted its stake in Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares in the last quarter. Finally, Spectrum Wealth Counsel LLC lifted its stake in Annaly Capital Management by 1,379.3% during the fourth quarter. Spectrum Wealth Counsel LLC now owns 2,722 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 2,538 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada lowered 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 note on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Annaly Capital Management Stock Performance

NLY stock traded down $0.19 during mid-day trading on Tuesday, reaching $19.03. The company had a trading volume of 6,093,210 shares, compared to its average volume of 6,648,776. The firm has a fifty day simple moving average of $18.95 and a 200 day simple moving average of $19.70. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 4.23 and a beta of 1.23. Annaly Capital Management Inc has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released 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 firm had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. As a group, analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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