New York State Common Retirement Fund Lowers Holdings in Annaly Capital Management Inc (NYSE:NLY)

New York State Common Retirement Fund reduced its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 322,284 shares of the real estate investment trust's stock after selling 19,500 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Annaly Capital Management worth $6,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 valued at $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $630,007,000 after acquiring an additional 8,272,674 shares during the period. Geode Capital Management LLC increased its holdings in shares of Annaly Capital Management by 9.4% in 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 last quarter. Northern Trust Corp increased its holdings in shares of 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 last quarter. Finally, Norges Bank bought a new stake in shares of Annaly Capital Management in the fourth quarter worth about $127,397,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

NYSE:NLY traded down $0.01 during trading hours on Thursday, reaching $20.45. The company's stock had a trading volume of 2,443,212 shares, compared to its average volume of 7,925,773. The company has a market capitalization of $12.22 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 4.48 and a beta of 1.22. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The stock has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $19.73.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. As a group, analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.70%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's payout ratio is 314.61%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NLY shares. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Royal Bank Of Canada dropped their target price 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. Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Piper Sandler dropped their target price 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, UBS Group restated a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.90.

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.