Bank of New York Mellon Corp Increases Stock Position in Annaly Capital Management Inc (NYSE:NLY)

Bank of New York Mellon Corp lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,105,471 shares of the real estate investment trust's stock after buying an additional 64,513 shares during the period. Bank of New York Mellon Corp owned approximately 0.69% of Annaly Capital Management worth $83,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $25,000. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $31,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $36,000. Larson Financial Group LLC increased its holdings in shares of Annaly Capital Management by 34.4% during the 4th 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 last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $20.00 price objective (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler lowered their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report 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. Finally, Royal Bank Of Canada lowered their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management Stock Down 0.3%

NLY stock traded down $0.06 during midday trading on Monday, hitting $19.67. The company's stock had a trading volume of 5,579,861 shares, compared to its average volume of 7,966,204. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.11. The firm has a market capitalization of $11.75 billion, a P/E ratio of 22.10, a PEG ratio of 4.34 and a beta of 1.22. The firm has a 50-day simple moving average of $19.25 and a 200-day simple moving average of $19.68.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during 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%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 14.24%. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

About Annaly Capital Management

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.