Stableford Capital II LLC Trims Holdings in Annaly Capital Management Inc (NYSE:NLY)

Stableford Capital II LLC decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,634 shares of the real estate investment trust's stock after selling 15,848 shares during the quarter. Stableford Capital II LLC's holdings in Annaly Capital Management were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Systems of Alabama grew its position in shares of Annaly Capital Management by 2.5% during the 1st quarter. Retirement Systems of Alabama now owns 925,882 shares of the real estate investment trust's stock worth $18,805,000 after buying an additional 22,352 shares in the last quarter. United Advisor Group LLC grew its position in shares of Annaly Capital Management by 1.5% during the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 847 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Annaly Capital Management by 98.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust's stock worth $1,305,000 after buying an additional 31,914 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of Annaly Capital Management during the 1st quarter worth $1,028,000. Finally, State of Alaska Department of Revenue grew its position in shares of Annaly Capital Management by 6.1% during the 1st quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust's stock worth $1,376,000 after buying an additional 3,870 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.17 on Friday. The stock has a 50-day moving average of $18.99 and a two-hundred day moving average of $19.69. Annaly Capital Management Inc has a one year low of $16.60 and a one year high of $22.11. The stock has a market cap of $11.45 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 4.23 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released 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 company had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.81 EPS 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 14.61%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent research reports. Piper Sandler dropped their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank Of Canada decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three research analysts have rated the stock with a hold rating and eight have issued 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.

About Annaly Capital Management

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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