Kestra Advisory Services LLC Sells 35,232 Shares of Annaly Capital Management Inc $NLY

Key Points

• Kestra Advisory Services LLC has reduced its stake in Annaly Capital Management Inc by 13.3%, selling 35,232 shares and now holding 230,112 shares valued at approximately $4.67 million.
• Annaly Capital Management reported a quarterly EPS of $0.73, surpassing analysts' estimates of $0.72, with revenues reaching $273.20 million compared to the estimated $237 million.
• The company has announced a quarterly dividend of $0.70, representing an annualized dividend yield of 13.3%, albeit with a dividend payout ratio of 277.23%.

Kestra Advisory Services LLC lessened its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 13.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,112 shares of the real estate investment trust's stock after selling 35,232 shares during the quarter. Kestra Advisory Services LLC's holdings in Annaly Capital Management were worth $4,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NLY. Northern Trust Corp grew its holdings in Annaly Capital Management by 90.6% in 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. Nuveen LLC purchased a new stake in Annaly Capital Management in the first quarter worth about $37,580,000. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 3.0% in 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 purchasing an additional 1,634,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Annaly Capital Management by 18.3% in 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 purchasing an additional 730,207 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Annaly Capital Management by 135.6% in the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock worth $23,157,000 after purchasing an additional 728,307 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY stock traded up $0.19 on Friday, hitting $21.18. The company had a trading volume of 4,997,484 shares, compared to its average volume of 6,074,474. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $20.21 and its 200 day simple moving average is $19.96. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 5.02 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 13.2%. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Royal Bank Of Canada cut their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.72.

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.