Annaly Capital Management Inc (NYSE:NLY) Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Several other hedge funds have also modified their holdings of NLY. Jupiter Wealth Management LLC increased its position in Annaly Capital Management by 3.4% in the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 492 shares during the last quarter. Proffitt & Goodson Inc. increased its position in Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 505 shares during the last quarter. Cannell & Spears LLC increased its position in Annaly Capital Management by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 518 shares during the last quarter. LVZ Inc. increased its position in Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after purchasing an additional 521 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Annaly Capital Management by 29.3% in the 4th 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 during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.2%

Shares of NYSE:NLY opened at $19.13 on Friday. The business has a 50 day moving average price of $19.02 and a 200 day moving average price of $19.68. Annaly Capital Management Inc has a twelve month low of $16.60 and a twelve month high of $22.11. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 4.22 and a beta of 1.23.

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, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS 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. 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 14.63%. Annaly Capital Management's dividend payout ratio is currently 314.61%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NLY. Piper Sandler dropped their target price 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. Jones Trading reaffirmed a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price objective on 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Company 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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