Bank of New York Mellon Corp Decreases Stake in Annaly Capital Management Inc $NLY

Bank of New York Mellon Corp lessened its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,801,781 shares of the real estate investment trust's stock after selling 160,909 shares during the period. Bank of New York Mellon Corp owned about 0.64% of Annaly Capital Management worth $107,368,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust's stock worth $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. State Street Corp increased its stake in Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust's stock valued at $608,994,000 after purchasing an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC raised its holdings in Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust's stock worth $411,031,000 after purchasing an additional 1,503,559 shares in the last quarter. Norges Bank purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $162,477,000. Finally, Morgan Stanley lifted its position in shares of Annaly Capital Management by 33.5% during the 4th quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust's stock worth $156,013,000 after buying an additional 1,751,509 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Zacks Research raised shares of Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Wells Fargo & Company decreased their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Finally, Piper Sandler raised their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

Annaly Capital Management Stock Up 0.5%

Shares of NLY stock opened at $23.27 on Tuesday. The stock's 50-day moving average price is $22.81 and its 200 day moving average price is $22.38. The stock has a market capitalization of $17.54 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 6.05 and a beta of 1.16. Annaly Capital Management Inc has a 52-week low of $20.00 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $639.80 million. Analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 12.9%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.70. Annaly Capital Management's dividend payout ratio is presently 75.19%.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

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