Stableford Capital II LLC Sells 15,848 Shares of Annaly Capital Management Inc (NYSE:NLY)

Stableford Capital II LLC trimmed its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F 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 period. Stableford Capital II LLC's holdings in Annaly Capital Management were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its position in Annaly Capital Management by 2.5% during the first quarter. Retirement Systems of Alabama now owns 925,882 shares of the real estate investment trust's stock valued at $18,805,000 after purchasing an additional 22,352 shares in the last quarter. United Advisor Group LLC raised its position in Annaly Capital Management by 1.5% during the first quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock valued at $1,196,000 after purchasing an additional 847 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Annaly Capital Management by 98.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust's stock valued at $1,305,000 after purchasing an additional 31,914 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new position in Annaly Capital Management during the first quarter valued at approximately $1,028,000. Finally, State of Alaska Department of Revenue raised its position in Annaly Capital Management by 6.1% during the first quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust's stock valued at $1,376,000 after purchasing an additional 3,870 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded up $0.02 during trading on Monday, hitting $19.15. The company's stock had a trading volume of 8,645,073 shares, compared to its average volume of 6,710,033. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 4.21 and a beta of 1.23. The stock has a 50-day moving average price of $19.05 and a two-hundred day moving average price of $19.68.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The company had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.62%. Annaly Capital Management's dividend payout ratio is 314.61%.

Analyst Ratings Changes

NLY has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. 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 report on Friday, May 2nd. Royal Bank Of Canada lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods upped their price target 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 eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.