Retirement Systems of Alabama Increases Position in Annaly Capital Management Inc (NYSE:NLY)

Retirement Systems of Alabama increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,882 shares of the real estate investment trust's stock after acquiring an additional 22,352 shares during the period. Retirement Systems of Alabama owned approximately 0.15% of Annaly Capital Management worth $18,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NLY. Assetmark Inc. acquired a new stake in Annaly Capital Management in the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its stake in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the period. Fourth Dimension Wealth LLC acquired 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% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Annaly Capital Management in the fourth quarter worth approximately $50,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NLY shares. Royal Bank Of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Piper Sandler cut their price target 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 set a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.00.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded down $0.09 during mid-day trading on Wednesday, reaching $19.27. The company had a trading volume of 7,814,523 shares, compared to its average volume of 6,749,800. The company has a market capitalization of $11.51 billion, a P/E ratio of 21.65, a P/E/G ratio of 4.27 and a beta of 1.23. The stock's 50-day simple moving average is $19.08 and its 200-day simple moving average is $19.68. 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 issued its quarterly earnings data 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. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The business had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.53%. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

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.