Sequoia Financial Advisors LLC cut its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 22.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,777 shares of the real estate investment trust's stock after selling 52,860 shares during the period. Sequoia Financial Advisors LLC's holdings in Annaly Capital Management were worth $3,773,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of NLY. 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 valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD raised 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 valued at $630,007,000 after purchasing an additional 8,272,674 shares in the last quarter. Geode Capital Management LLC raised its stake in Annaly Capital Management by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after purchasing an additional 814,917 shares in the last quarter. Northern Trust Corp lifted its position in 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 during the period. Finally, Norges Bank acquired a new stake in Annaly Capital Management during the fourth quarter worth about $127,397,000. 51.56% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus price target of $21.00.
View Our Latest Research Report on Annaly Capital Management
Annaly Capital Management Price Performance
NLY stock traded up $0.23 during midday trading on Tuesday, reaching $19.05. 8,636,275 shares of the stock were exchanged, compared to its average volume of 6,790,612. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The company has a fifty day moving average price of $19.21 and a 200 day moving average price of $19.66. The stock has a market capitalization of $11.38 billion, a PE ratio of 21.40, a P/E/G ratio of 4.15 and a beta of 1.22.
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 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Dividend Announcement
The firm also recently declared 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. This represents a $2.80 annualized dividend and a yield of 14.70%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.
About Annaly Capital Management
(
Free Report)
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.
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