Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,633,678 shares of the real estate investment trust's stock after purchasing an additional 38,468 shares during the quarter. Rhumbline Advisers owned 0.27% of Annaly Capital Management worth $33,180,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after acquiring an additional 8,272,674 shares during the last quarter. Norges Bank acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at $127,397,000. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares during the last quarter. Northern Trust Corp grew its stake in shares of Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares in the last quarter. Finally, PL Capital Advisors LLC increased its holdings in Annaly Capital Management by 1,730.0% in the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock valued at $51,105,000 after buying an additional 2,640,032 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. 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. Royal Bank of Canada dropped their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.18 during trading hours on Friday, reaching $19.06. 4,956,097 shares of the company were exchanged, compared to its average volume of 6,525,651. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 4.89 and a beta of 1.25. The stock has a 50 day simple moving average of $18.90 and a 200 day simple moving average of $19.73. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. On average, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.69%. Annaly Capital Management's payout ratio is currently 314.61%.

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.