Annaly Capital Management Inc (NYSE:NLY) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329,803 shares of the real estate investment trust's stock after buying an additional 44,769 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Annaly Capital Management worth $27,008,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jupiter Wealth Management LLC boosted its stake in shares of Annaly Capital Management by 3.4% in the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares in the last quarter. Cannell & Spears LLC lifted its position in shares of Annaly Capital Management by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 518 shares during the period. Larson Financial Group LLC lifted its holdings in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the period. Smartleaf Asset Management LLC boosted 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 valued at $45,000 after purchasing an additional 549 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Annaly Capital Management by 3.1% during the 4th quarter. Intech Investment Management LLC now owns 18,933 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 571 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NLY. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler reduced their price target 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. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, UBS Group increased their price target on Annaly Capital Management from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management Trading Down 0.4%

Shares of NLY traded down $0.08 during midday trading on Friday, reaching $19.73. 4,339,712 shares of the stock were exchanged, compared to its average volume of 6,883,621. The company has a market capitalization of $11.79 billion, a P/E ratio of 22.17, a PEG ratio of 4.34 and a beta of 1.22. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The company's 50 day moving average is $19.25 and its two-hundred day moving average is $19.68.

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

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.19%. Annaly Capital Management's payout ratio is 314.61%.

Annaly Capital Management 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.