Rock Point Advisors LLC Cuts Stock Position in Annaly Capital Management Inc (NYSE:NLY)

Rock Point Advisors LLC lessened its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 22.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,497 shares of the real estate investment trust's stock after selling 45,421 shares during the period. Rock Point Advisors LLC's holdings in Annaly Capital Management were worth $3,260,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock worth $66,105,000 after purchasing an additional 393,581 shares during the period. Bayesian Capital Management LP bought a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $730,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $4,448,000. APG Asset Management N.V. bought a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $4,909,000. Finally, Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 12.0% in 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 period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY traded down $0.08 during trading on Friday, reaching $19.73. 4,339,712 shares of the company traded hands, compared to its average volume of 6,884,861. Annaly Capital Management Inc has a 12-month low of $16.60 and a 12-month high of $22.11. The firm has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $19.67. The company has a market cap of $11.79 billion, a P/E ratio of 22.17, a PEG ratio of 4.36 and a beta of 1.22.

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

Annaly Capital Management Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. UBS Group raised their target price on shares of Annaly Capital Management from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday. Royal Bank Of Canada decreased their target price 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. Finally, Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.90.

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.