Annaly Capital Management Inc (NYSE:NLY) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,148 shares of the real estate investment trust's stock after selling 51,161 shares during the period. IFM Investors Pty Ltd's holdings in Annaly Capital Management were worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position 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 buying an additional 8,272,674 shares during the last quarter. Norges Bank acquired a new position in shares of Annaly Capital Management in the fourth quarter worth about $127,397,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the last quarter. Northern Trust Corp grew its stake in Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after purchasing an additional 3,606,366 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after purchasing an additional 814,917 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.5%

NLY stock traded up $0.11 during mid-day trading on Thursday, reaching $19.83. The company had a trading volume of 4,018,912 shares, compared to its average volume of 6,862,792. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11. The stock has a market capitalization of $11.85 billion, a P/E ratio of 22.28, a P/E/G ratio of 4.30 and a beta of 1.22. The stock's 50-day simple moving average is $19.23 and its two-hundred day simple moving average is $19.66.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $418.04 million. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.12%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler cut their target price 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. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada decreased their target price on 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.