ORG Wealth Partners LLC Decreases Stock Holdings in Annaly Capital Management Inc (NYSE:NLY)

ORG Wealth Partners LLC reduced its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 99.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,621 shares of the real estate investment trust's stock after selling 786,715 shares during the period. ORG Wealth Partners LLC's holdings in Annaly Capital Management were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NLY. Assetmark Inc. bought a new position in Annaly Capital Management during the fourth quarter valued at $31,000. Larson Financial Group LLC boosted its stake in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 549 shares during the period. Fourth Dimension Wealth LLC bought a new position in Annaly Capital Management during the 4th quarter valued at about $39,000. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Annaly Capital Management in the 4th quarter worth about $50,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped 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. Royal Bank Of Canada cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted 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. Finally, Piper Sandler lowered their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Price Performance

NYSE:NLY opened at $19.13 on Friday. The firm has a market cap of $11.43 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 4.23 and a beta of 1.23. The company has a 50-day moving average of $19.02 and a 200 day moving average of $19.68. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11.

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

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 14.63%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's payout ratio 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.

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