IFM Investors Pty Ltd Sells 51,161 Shares of Annaly Capital Management Inc (NYSE:NLY)

IFM Investors Pty Ltd trimmed its holdings 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 filing with the SEC. 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 filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Annaly Capital Management in the 4th quarter valued at $407,000. US Bancorp DE grew its holdings in Annaly Capital Management by 14.8% during the fourth quarter. US Bancorp DE now owns 31,776 shares of the real estate investment trust's stock valued at $581,000 after purchasing an additional 4,099 shares during the period. Smartleaf Asset Management LLC raised its position in Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the period. Jones Financial Companies Lllp raised its position in Annaly Capital Management by 402.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,954 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 2,366 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Annaly Capital Management by 12.2% during the fourth 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 last quarter. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on 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. 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 report on Tuesday, May 27th. Piper Sandler reduced their price objective on 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. 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Three investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded up $0.16 on Wednesday, hitting $19.67. The company had a trading volume of 549,452 shares, compared to its average volume of 6,837,158. The stock has a 50-day moving average of $19.23 and a 200-day moving average of $19.66. The firm has a market capitalization of $11.75 billion, a P/E ratio of 22.13, a P/E/G ratio of 4.26 and a beta of 1.22. Annaly Capital Management Inc has a twelve month low of $16.60 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.10% and a return on equity of 15.31%. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Equities analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.24%. Annaly Capital Management's payout ratio is currently 314.61%.

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.