ORG Wealth Partners LLC decreased its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 99.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Tallon Kerry Patrick acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $671,000. Empowered Funds LLC acquired a new stake in Annaly Capital Management in the 4th quarter valued at approximately $297,000. Strategic Financial Concepts LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at $294,000. Principal Financial Group Inc. lifted its position in shares of Annaly Capital Management by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,285,034 shares of the real estate investment trust's stock worth $23,516,000 after purchasing an additional 124,755 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Annaly Capital Management by 17.2% in the fourth quarter. CIBC Asset Management Inc now owns 20,654 shares of the real estate investment trust's stock valued at $378,000 after purchasing an additional 3,027 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.
Annaly Capital Management Stock Up 1.2%
Shares of NLY traded up $0.22 on Tuesday, hitting $19.36. 9,180,090 shares of the stock traded hands, compared to its average volume of 6,720,313. Annaly Capital Management Inc has a 1 year low of $16.60 and a 1 year high of $22.11. The firm has a market capitalization of $11.57 billion, a P/E ratio of 21.76, a P/E/G ratio of 4.21 and a beta of 1.23. The stock's 50 day moving average is $19.05 and its two-hundred day moving average is $19.68.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company 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%. Research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.
Annaly Capital Management Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.46%. Annaly Capital Management's dividend payout ratio is currently 314.61%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on NLY. Royal Bank Of Canada decreased 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 research report on Tuesday, May 27th. Piper Sandler reduced their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased 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 research note on Wednesday, April 16th. Jones Trading restated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.00.
Check Out Our Latest Report on NLY
Annaly Capital Management Company Profile
(
Free Report)
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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