PFG Investments LLC Has $1.83 Million Stock Position in Annaly Capital Management Inc (NYSE:NLY)

PFG Investments LLC decreased its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 25.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 90,280 shares of the real estate investment trust's stock after selling 30,225 shares during the period. PFG Investments LLC's holdings in Annaly Capital Management were worth $1,834,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Wernau Asset Management Inc. acquired a new position in Annaly Capital Management during the 4th quarter worth $229,000. Charles Schwab Investment Management Inc. increased its stake in shares of Annaly Capital Management by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock worth $66,105,000 after purchasing an additional 393,581 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $730,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $4,448,000. Finally, APG Asset Management N.V. bought a new stake in Annaly Capital Management during the 4th quarter valued at approximately $4,909,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.09 during mid-day trading on Wednesday, reaching $19.27. The company's stock had a trading volume of 7,814,523 shares, compared to its average volume of 6,749,800. The firm's 50-day moving average is $19.08 and its two-hundred day moving average is $19.68. The company has a market cap of $11.51 billion, a P/E ratio of 21.65, a PEG ratio of 4.27 and a beta of 1.23. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The business 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 13.10% and a return on equity of 15.31%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.53%. Annaly Capital Management's payout ratio is presently 314.61%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler reduced their price target 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. Royal Bank Of Canada decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.