Annaly Capital Management Inc (NYSE:NLY) Shares Sold by Rock Point Advisors LLC

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $25,000. Assetmark Inc. bought a new position in Annaly Capital Management in the fourth quarter worth approximately $31,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at $36,000. Larson Financial Group LLC raised its position in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased 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.

Annaly Capital Management Trading Up 0.4%

Shares of NYSE NLY traded up $0.08 during trading on Thursday, reaching $19.80. 6,526,578 shares of the company traded hands, compared to its average volume of 6,886,344. The stock has a market cap of $11.83 billion, a P/E ratio of 22.24, a PEG ratio of 4.34 and a beta of 1.22. The firm's fifty day simple moving average is $19.23 and its 200 day simple moving average is $19.66. Annaly Capital Management Inc has a 12-month low of $16.60 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data 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. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. The company had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. As a group, research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

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 issued 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 14.14%. Annaly Capital Management's payout ratio is currently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Annaly Capital Management from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday. 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. Piper Sandler decreased their price objective on shares of 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. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus target price 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.