Fortem Financial Group LLC Purchases 14,323 Shares of Annaly Capital Management Inc (NYSE:NLY)

Fortem Financial Group LLC raised its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,729 shares of the real estate investment trust's stock after buying an additional 14,323 shares during the period. Annaly Capital Management comprises 1.1% of Fortem Financial Group LLC's portfolio, making the stock its 23rd biggest position. Fortem Financial Group LLC's holdings in Annaly Capital Management were worth $2,899,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jupiter Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares in the last quarter. Cannell & Spears LLC boosted its stake in Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock valued at $755,000 after acquiring an additional 518 shares during the last quarter. Larson Financial Group LLC boosted its stake in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 549 shares during the last quarter. Intech Investment Management LLC boosted its stake in Annaly Capital Management by 3.1% in the fourth quarter. Intech Investment Management LLC now owns 18,933 shares of the real estate investment trust's stock valued at $346,000 after acquiring an additional 571 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Annaly Capital Management by 3.2% in the first 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. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded down $0.20 during trading hours on Tuesday, reaching $19.46. The company's stock had a trading volume of 6,941,321 shares, compared to its average volume of 6,878,708. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11. The company has a market capitalization of $11.63 billion, a P/E ratio of 21.86, a P/E/G ratio of 4.34 and a beta of 1.22. The stock's fifty day simple moving average is $19.25 and its two-hundred day simple moving average is $19.68.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The company had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. As a group, research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.39%. Annaly Capital Management's payout ratio is 314.61%.

Analysts Set New Price Targets

NLY has been the topic of a number of recent research reports. Piper Sandler reduced their price objective on shares of 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. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reduced their price objective on shares of 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. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and an average price target of $20.90.

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.