Annaly Capital Management Inc (NYSE:NLY) Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC sold 5.8% of its stake in Annaly Capital Management, reducing its holdings to 3,247,124 shares worth $65.9 million.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, resulting in an annualized yield of 13.4% despite a high dividend payout ratio of 277.23%.
• The company reported $0.73 earnings per share last quarter, surpassing analyst expectations, alongside a total revenue of $273.2 million.

Brandywine Global Investment Management LLC reduced its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,247,124 shares of the real estate investment trust's stock after selling 199,913 shares during the quarter. Brandywine Global Investment Management LLC owned 0.54% of Annaly Capital Management worth $65,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in Annaly Capital Management during the fourth quarter worth about $730,000. Mercer Global Advisors Inc. ADV acquired a new position in Annaly Capital Management during the fourth quarter worth about $4,448,000. The Manufacturers Life Insurance Company grew its position in Annaly Capital Management by 9.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 459,935 shares of the real estate investment trust's stock worth $8,417,000 after buying an additional 40,963 shares during the period. Diversified Trust Co acquired a new position in Annaly Capital Management during the first quarter worth about $466,000. Finally, Bessemer Group Inc. increased its stake in shares of Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 811 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 0.2%

Shares of NYSE NLY opened at $20.83 on Friday. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.11. The firm's 50 day moving average price is $19.83 and its 200 day moving average price is $19.93. The firm has a market cap of $13.37 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 4.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, sell-side 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 was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Analyst Ratings Changes

NLY has been the topic of a number of recent research reports. UBS Group reaffirmed a "neutral" rating and issued a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Keefe, Bruyette & Woods upped 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, July 25th. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Jones Trading reaffirmed a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada reduced their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

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.

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