Rothschild Investment LLC Lowers Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Rothschild Investment LLC lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 97.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,379 shares of the real estate investment trust's stock after selling 106,411 shares during the quarter. Rothschild Investment LLC's holdings in Annaly Capital Management were worth $48,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in Annaly Capital Management in the 4th quarter worth about $31,000. Blue Trust Inc. raised its position in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares in the last quarter. 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 valued at $39,000 after buying an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC increased its position in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded up $0.05 during trading on Wednesday, reaching $18.98. 5,232,590 shares of the company traded hands, compared to its average volume of 6,503,799. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The company has a 50 day moving average price of $18.96 and a 200-day moving average price of $19.74. The firm has a market capitalization of $11.34 billion, a PE ratio of 11.94, a P/E/G ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results 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 20.70% and a return on equity of 14.95%. The company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 14.75%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NLY shares. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler lowered 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. Keefe, Bruyette & Woods upped their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

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.