Exchange Traded Concepts LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 7,498.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,154 shares of the real estate investment trust's stock after acquiring an additional 36,665 shares during the period. Exchange Traded Concepts LLC's holdings in Annaly Capital Management were worth $755,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wernau Asset Management Inc. bought a new stake in Annaly Capital Management during the fourth quarter valued at $229,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after buying an additional 393,581 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $730,000. Mercer Global Advisors Inc. ADV acquired a new stake in Annaly Capital Management during the fourth quarter worth about $4,448,000. Finally, APG Asset Management N.V. bought a new position in Annaly Capital Management in the fourth quarter worth about $4,909,000. 51.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Price Performance
Shares of Annaly Capital Management stock traded up $0.22 on Tuesday, hitting $19.36. The company had a trading volume of 9,180,090 shares, compared to its average volume of 6,720,311. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The company has a market cap of $11.57 billion, a PE ratio of 21.76, a PEG ratio of 4.21 and a beta of 1.23. The business has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $19.68.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping 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 firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. On average, equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.46%. Annaly Capital Management's dividend payout ratio is currently 314.61%.
Wall Street Analyst Weigh In
NLY has been the subject of several recent research reports. Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.
Get Our Latest Report on NLY
Annaly Capital Management Company Profile
(
Free Report)
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.
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