Vanguard Group Inc. Acquires 1,634,883 Shares of Annaly Capital Management Inc (NYSE:NLY)

Vanguard Group Inc. raised its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,356,579 shares of the real estate investment trust's stock after acquiring an additional 1,634,883 shares during the quarter. Vanguard Group Inc. owned 9.43% of Annaly Capital Management worth $1,144,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Inlight Wealth Management LLC acquired a new position in Annaly Capital Management during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management in the first quarter worth approximately $36,000. MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,598 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in Annaly Capital Management during the fourth quarter valued at approximately $39,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler cut their target price 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 increased their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. 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, JPMorgan Chase & Co. cut their price target 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Stock Up 0.9%

Shares of NLY traded up $0.18 during trading hours on Tuesday, hitting $20.59. 7,614,899 shares of the company were exchanged, compared to its average volume of 6,702,657. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $13.22 billion, a PE ratio of 20.39, a PEG ratio of 4.84 and a beta of 1.20. The firm's 50 day moving average is $19.76 and its 200-day moving average is $19.91. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. On average, equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.6%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

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.