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

Pacer Advisors Inc. decreased its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 40.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new stake in Annaly Capital Management in the fourth quarter worth about $115,000. Pictet Asset Management Holding SA raised its holdings in Annaly Capital Management by 9.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 281,974 shares of the real estate investment trust's stock worth $5,160,000 after purchasing an additional 23,789 shares in the last quarter. Allstate Corp bought a new position in Annaly Capital Management in the fourth quarter worth about $289,000. O Shaughnessy Asset Management LLC raised its holdings in Annaly Capital Management by 9.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,892 shares of the real estate investment trust's stock worth $309,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Annaly Capital Management by 135.6% in the fourth quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock worth $23,157,000 after purchasing an additional 728,307 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NLY shares. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada cut their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Piper Sandler cut their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $20.72.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded up $0.17 during mid-day trading on Friday, hitting $20.50. The company had a trading volume of 6,641,195 shares, compared to its average volume of 6,488,296. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The company's fifty day moving average is $19.52 and its 200-day moving average is $19.85. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 4.53 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate 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 business had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.7%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

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.