KBC Group NV Sells 848,516 Shares of Annaly Capital Management Inc (NYSE:NLY)

KBC Group NV lowered its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 16.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,349,504 shares of the real estate investment trust's stock after selling 848,516 shares during the quarter. KBC Group NV owned about 0.73% of Annaly Capital Management worth $88,338,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after purchasing an additional 8,272,674 shares during the period. Geode Capital Management LLC boosted its position in Annaly Capital Management by 9.4% during the fourth 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 period. Northern Trust Corp boosted its position in 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 purchasing an additional 3,606,366 shares during the period. Finally, Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $127,397,000. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

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

Annaly Capital Management Price Performance

Shares of NLY stock opened at $19.44 on Friday. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11. The stock has a fifty day moving average price of $19.17 and a 200 day moving average price of $19.67. The stock has a market cap of $11.61 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 4.28 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced 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 company had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. Equities research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.41%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is 314.61%.

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.

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