Dupree Financial Group LLC Sells 86,192 Shares of Annaly Capital Management Inc (NYSE:NLY)

Dupree Financial Group LLC decreased its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,374 shares of the real estate investment trust's stock after selling 86,192 shares during the quarter. Annaly Capital Management accounts for approximately 2.6% of Dupree Financial Group LLC's holdings, making the stock its 13th biggest holding. Dupree Financial Group LLC owned 0.05% of Annaly Capital Management worth $6,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position 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 worth $66,105,000 after purchasing an additional 393,581 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Annaly Capital Management in the 4th quarter valued at $730,000. Mercer Global Advisors Inc. ADV bought a new stake in Annaly Capital Management in the fourth quarter valued at $4,448,000. APG Asset Management N.V. bought a new stake in Annaly Capital Management in the fourth quarter valued at $4,909,000. Finally, Vanguard Group Inc. raised its stake in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after acquiring an additional 5,859,104 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target 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. Royal Bank Of Canada cut their price objective on 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. Finally, Piper Sandler reduced their price objective 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Stock Down 0.8%

NYSE:NLY traded down $0.16 during trading hours on Monday, hitting $19.33. 6,964,752 shares of the stock were exchanged, compared to its average volume of 6,849,342. The company has a market capitalization of $11.55 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 4.29 and a beta of 1.22. The company's 50 day moving average is $19.24 and its two-hundred day moving average is $19.66. Annaly Capital Management Inc has a twelve month low of $16.60 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. The business had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. On average, equities research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.49%. Annaly Capital Management's dividend payout ratio 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.