IFM Investors Pty Ltd Decreases Stake in Annaly Capital Management Inc (NYSE:NLY)

IFM Investors Pty Ltd lowered its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,148 shares of the real estate investment trust's stock after selling 51,161 shares during the quarter. IFM Investors Pty Ltd's holdings in Annaly Capital Management were worth $2,652,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in Annaly Capital Management in the 1st quarter worth approximately $25,000. Assetmark Inc. acquired a new position in Annaly Capital Management in the 4th quarter worth approximately $31,000. Smallwood Wealth Investment Management LLC acquired a new position in Annaly Capital Management in the 1st quarter worth approximately $36,000. Larson Financial Group LLC increased its holdings in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Annaly Capital Management in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler cut their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. UBS Group increased their price target on shares of Annaly Capital Management from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Royal Bank Of Canada dropped 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.08 during midday trading on Friday, reaching $19.73. 4,339,712 shares of the company's stock traded hands, compared to its average volume of 6,884,861. Annaly Capital Management Inc has a 1 year low of $16.60 and a 1 year high of $22.11. The company has a market cap of $11.79 billion, a P/E ratio of 22.17, a PEG ratio of 4.36 and a beta of 1.22. The company has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $19.67.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (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 firm 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 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

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 given a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.19%. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

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.