LSV Asset Management Has $50.37 Million Holdings in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• LSV Asset Management has decreased its holdings in Annaly Capital Management by 1.8%, now owning approximately $50.37 million worth of the company’s stock, as indicated in their latest SEC filing.
• Several hedge funds, including Price T Rowe Associates and Northern Trust Corp, have significantly increased their holdings in Annaly Capital Management during the fourth quarter.
• Annaly Capital Management recently announced a quarterly dividend of $0.70 per share, reflecting a dividend yield of 13.7% and a payout ratio of 277.23%.

LSV Asset Management decreased its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,480,184 shares of the real estate investment trust's stock after selling 46,052 shares during the quarter. LSV Asset Management owned 0.42% of Annaly Capital Management worth $50,373,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Jupiter Wealth Management LLC grew its holdings in shares of Annaly Capital Management by 3.4% in the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 492 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Annaly Capital Management by 3.2% in the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock worth $472,000 after purchasing an additional 725 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Annaly Capital Management by 11.7% in the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 811 shares during the last quarter. United Advisor Group LLC grew its holdings in shares of Annaly Capital Management by 1.5% in the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 847 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Annaly Capital Management by 12.7% in the 1st quarter. IFP Advisors Inc now owns 7,576 shares of the real estate investment trust's stock worth $154,000 after purchasing an additional 855 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.16 during mid-day trading on Tuesday, reaching $20.76. 1,176,381 shares of the company were exchanged, compared to its average volume of 7,851,986. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The company has a fifty day moving average of $19.56 and a 200 day moving average of $19.87. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.33 billion, a PE ratio of 20.55, a PEG ratio of 4.90 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $237.00 million. On average, research analysts anticipate 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 was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.5%. Annaly Capital Management's dividend payout ratio is presently 277.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NLY shares. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler decreased their price objective 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 reissued a "neutral" rating and set a $20.00 price objective (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Finally, Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.72.

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.