Smith Anglin Financial LLC Purchases Shares of 20,743 Annaly Capital Management, Inc. (NYSE:NLY)

Smith Anglin Financial LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,743 shares of the real estate investment trust's stock, valued at approximately $421,000.

Other large investors also recently bought and sold shares of the company. Jupiter Wealth Management LLC grew its holdings in Annaly Capital Management by 3.4% during the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares during the last quarter. Proffitt & Goodson Inc. grew its stake in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after buying an additional 505 shares during the last quarter. Cannell & Spears LLC raised its holdings in shares of Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after buying an additional 518 shares during the period. LVZ Inc. lifted its stake in shares of Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 521 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 valued at $45,000 after acquiring an additional 549 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NLY. Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler lowered their price target 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. JPMorgan Chase & Co. reduced 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 note on Wednesday, April 16th. Royal Bank of Canada dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Trading Down 0.6%

Shares of NLY stock traded down $0.12 during mid-day trading on Thursday, reaching $18.88. The stock had a trading volume of 5,849,914 shares, compared to its average volume of 6,515,935. The business's fifty day moving average is $18.92 and its 200-day moving average is $19.73. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its 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 14.95% and a net margin of 20.70%. The firm had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 14.83%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

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.