OLD National Bancorp IN Invests $340,000 in Annaly Capital Management, Inc. (NYSE:NLY)

OLD National Bancorp IN bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,756 shares of the real estate investment trust's stock, valued at approximately $340,000.

Other large investors have also bought and sold shares of the company. Assetmark Inc. acquired a new position in Annaly Capital Management in the fourth quarter worth $31,000. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 717 shares during the last quarter. Larson Financial Group LLC increased its position in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Annaly Capital Management in the fourth quarter worth about $39,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

NLY traded up $0.02 during mid-day trading on Thursday, hitting $19.34. The stock had a trading volume of 2,253,667 shares, compared to its average volume of 6,574,741. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The stock's fifty day simple moving average is $18.86 and its 200-day simple moving average is $19.71. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 14.95% and a net margin of 20.70%. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.48%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Wall Street Analysts Forecast Growth

NLY has been the subject of several research analyst reports. Jones Trading restated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Royal Bank of Canada cut their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Piper Sandler lowered their price objective 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 boosted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut 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 research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.00.

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.