Wakefield Asset Management LLLP Makes New Investment in Annaly Capital Management Inc (NYSE:NLY)

Wakefield Asset Management LLLP purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 165,666 shares of the real estate investment trust's stock, valued at approximately $3,371,000. Annaly Capital Management accounts for 1.0% of Wakefield Asset Management LLLP's holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bayesian Capital Management LP bought a new position in shares of Annaly Capital Management in the fourth quarter worth about $730,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at about $4,448,000. APG Asset Management N.V. purchased a new position in Annaly Capital Management during the fourth quarter worth approximately $4,909,000. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 12.0% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in Annaly Capital Management by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after acquiring an additional 814,917 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY stock opened at $20.42 on Wednesday. The firm's fifty day moving average is $19.32 and its 200 day moving average is $19.73. The firm has a market cap of $12.20 billion, a P/E ratio of 22.94, a P/E/G ratio of 4.39 and a beta of 1.22. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS 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 firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.72%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the topic of several recent research reports. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Royal Bank Of Canada lowered their target price 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. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. decreased 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. Finally, Piper Sandler lowered their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.90.

Annaly Capital Management Company 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.

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