HighTower Advisors LLC Has $1.70 Million Stock Holdings in Annaly Capital Management Inc $NLY

Key Points

• HighTower Advisors LLC reduced its stake in Annaly Capital Management by 36.2% during the first quarter, selling 47,413 shares and leaving it with 83,461 shares valued at approximately $1.69 million.
• Annaly Capital Management declared a $0.70 quarterly dividend, translating to an annualized yield of 13.2%, despite having a substantial dividend payout ratio of 277.23%.
• The company recently reported earnings of $0.73 EPS for the quarter, exceeding analyst expectations, alongside revenue of $273.20 million against estimates of $237.00 million.

HighTower Advisors LLC lowered its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,461 shares of the real estate investment trust's stock after selling 47,413 shares during the quarter. HighTower Advisors LLC's holdings in Annaly Capital Management were worth $1,695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after acquiring an additional 1,634,883 shares during the last quarter. Northern Trust Corp raised its position in shares of Annaly Capital Management by 90.6% during the fourth 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Annaly Capital Management by 18.3% during the fourth 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 acquiring an additional 730,207 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Annaly Capital Management by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock worth $83,382,000 after acquiring an additional 64,513 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock worth $77,356,000 after acquiring an additional 196,489 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NLY shares. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. UBS Group reaffirmed a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Piper Sandler reduced their price objective on 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. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Up 0.6%

NYSE NLY traded up $0.13 during trading hours on Friday, hitting $21.12. 2,419,492 shares of the company traded hands, compared to its average volume of 7,657,547. 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 business's 50-day moving average is $20.17 and its 200-day moving average is $19.97. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 4.97 and a beta of 1.20. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11.

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

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.3%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

About Annaly Capital Management

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.