Charles Schwab Investment Management Inc. Acquires 196,489 Shares of Annaly Capital Management Inc (NYSE:NLY)

Charles Schwab Investment Management Inc. lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,808,767 shares of the real estate investment trust's stock after purchasing an additional 196,489 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Annaly Capital Management worth $77,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NLY. Jupiter Wealth Management LLC increased its holdings 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 valued at $275,000 after buying an additional 492 shares during the period. International Assets Investment Management LLC increased its stake in shares of Annaly Capital Management by 3.2% in the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock valued at $472,000 after acquiring an additional 725 shares during the last quarter. Bessemer Group Inc. increased its stake in Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 811 shares in the last quarter. United Advisor Group LLC increased its stake in Annaly Capital Management by 1.5% during the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 847 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Annaly Capital Management by 12.7% during the 1st quarter. IFP Advisors Inc now owns 7,576 shares of the real estate investment trust's stock worth $154,000 after acquiring an additional 855 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NLY remained flat at $20.83 during trading on Friday. The company's stock had a trading volume of 5,942,950 shares, compared to its average volume of 6,554,946. The business has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $19.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $13.37 billion, a PE ratio of 20.62, a PEG ratio of 4.94 and a beta of 1.20. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Equities analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 277.23%.

Analysts Set New Price Targets

NLY has been the topic of several recent research reports. Piper Sandler lowered their price objective 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 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada dropped 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. Finally, UBS Group reissued a "neutral" rating and issued a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management 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.