Mediolanum International Funds Ltd Sells 54,211 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Mediolanum International Funds Ltd has reduced its stake in Annaly Capital Management by 12.4%, now holding 383,543 shares valued at approximately $7.9 million.
• Recent earnings for Annaly Capital Management revealed an EPS of $0.73, exceeding analysts' expectations, with revenue reported at $273.2 million.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, representing a yield of 13.44% for shareholders of record.

Mediolanum International Funds Ltd lessened its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 12.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,543 shares of the real estate investment trust's stock after selling 54,211 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.06% of Annaly Capital Management worth $7,924,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NLY. Price T Rowe Associates Inc. MD raised its holdings 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 bought a new position in Annaly Capital Management during the 4th quarter worth approximately $127,397,000. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 12.0% during the 4th 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 last quarter. Northern Trust Corp raised its holdings 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 worth $138,853,000 after purchasing an additional 3,606,366 shares during the last quarter. Finally, Geode Capital Management LLC raised 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. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.1%

NYSE NLY traded up $0.02 during mid-day trading on Wednesday, hitting $20.84. The company's stock had a trading volume of 1,967,183 shares, compared to its average volume of 7,892,623. The company's 50 day simple moving average is $19.42 and its 200 day simple moving average is $19.81. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.54 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio is 277.23%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NLY shares. UBS Group restated 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 lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

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.