Entropy Technologies LP Purchases Shares of 157,585 Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Entropy Technologies LP has acquired 157,585 shares of Annaly Capital Management Inc for approximately $3.2 million, highlighting increased interest from institutional investors.
• Annaly Capital Management recently reported a quarterly EPS of $0.73, exceeding estimates, and announced a dividend of $0.70, representing a 13.6% yield.
• Analysts have mixed ratings for Annaly Capital Management, with a consensus rating of "Moderate Buy" and an average target price of $20.72 after several recent price objective adjustments.

Entropy Technologies LP acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,585 shares of the real estate investment trust's stock, valued at approximately $3,201,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Northern Trust Corp grew its stake in Annaly Capital Management by 90.6% in the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the period. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after acquiring an additional 1,634,883 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Annaly Capital Management by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after purchasing an additional 730,207 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Annaly Capital Management by 135.6% during the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock worth $23,157,000 after purchasing an additional 728,307 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.4%

NYSE NLY traded down $0.08 during trading hours on Thursday, reaching $20.79. 3,033,231 shares of the company traded hands, compared to its average volume of 7,768,566. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The company has a 50 day moving average of $19.79 and a two-hundred day moving average of $19.92. The stock has a market capitalization of $13.35 billion, a PE ratio of 20.57, a PEG ratio of 4.88 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. As a group, equities analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 13.5%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada dropped their target price 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. Piper Sandler dropped 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. Finally, UBS Group reaffirmed a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.