Nisa Investment Advisors LLC Reduces Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

Nisa Investment Advisors LLC lowered its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 14.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,650 shares of the real estate investment trust's stock after selling 26,820 shares during the quarter. Nisa Investment Advisors LLC's holdings in Annaly Capital Management were worth $3,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in shares of Annaly Capital Management in the first quarter worth about $25,000. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $31,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth about $36,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $39,000. Finally, Jones Financial Companies Lllp grew its position in shares of Annaly Capital Management by 402.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,954 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 2,366 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NLY. Jones Trading reiterated 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 cut 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. Keefe, Bruyette & Woods increased their target price 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. JPMorgan Chase & Co. cut their target price 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. Finally, Royal Bank Of Canada cut 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management Stock Up 0.1%

NYSE NLY traded up $0.03 during trading on Monday, hitting $19.75. 1,636,821 shares of the stock traded hands, compared to its average volume of 7,946,573. The company has a market capitalization of $11.80 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 4.34 and a beta of 1.22. The firm has a 50-day simple moving average of $19.25 and a 200-day simple moving average of $19.68. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. As a group, research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.18%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

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.