Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 223,954 shares of the real estate investment trust's stock after purchasing an additional 13,835 shares during the period. Asset Management One Co. Ltd.'s holdings in Annaly Capital Management were worth $4,549,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wernau Asset Management Inc. acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $229,000. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $66,105,000 after purchasing an additional 393,581 shares during the period. Bayesian Capital Management LP acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $730,000. Mercer Global Advisors Inc. ADV acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $4,448,000. Finally, APG Asset Management N.V. acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $4,909,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NLY has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised 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. Royal Bank Of Canada lowered their price target 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. Piper Sandler lowered 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 issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.03 during trading on Friday, reaching $19.44. The stock had a trading volume of 11,399,285 shares, compared to its average volume of 6,776,491. The business has a fifty day moving average price of $19.17 and a 200-day moving average price of $19.67. The stock has a market cap of $11.61 billion, a PE ratio of 21.84, a PEG ratio of 4.28 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 released 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. The company had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.41%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 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.