Annaly Capital Management Inc (NYSE:NLY) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 40.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,876 shares of the real estate investment trust's stock after selling 52,803 shares during the quarter. Pacer Advisors Inc.'s holdings in Annaly Capital Management were worth $1,602,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management during the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth $28,000. MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NLY. Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lowered their target price on 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. Finally, UBS Group restated a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Stock Performance

Shares of NLY traded up $0.17 during mid-day trading on Friday, reaching $20.50. 6,641,195 shares of the company's stock traded hands, compared to its average volume of 6,488,296. The business's 50-day moving average price is $19.49 and its 200-day moving average price is $19.83. The stock has a market capitalization of $12.25 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 4.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.10 and a current ratio of 0.11. 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, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 13.7%. Annaly Capital Management's payout ratio is presently 277.23%.

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.