WealthTrust Axiom LLC Sells 16,790 Shares of Annaly Capital Management Inc $NLY

Key Points

• WealthTrust Axiom LLC sold 16,790 shares of Annaly Capital Management, reducing its stake by 38.3% and leaving it with 27,003 shares valued at approximately $548,000.
• Annaly Capital Management recently announced a quarterly dividend of $0.70 per share, resulting in an annualized dividend of $2.80 and a yield of 13.2%.
• Analysts have mixed outlooks on Annaly Capital, with seven rating the stock as a Buy and four as a Hold, and a consensus target price of $20.72.

WealthTrust Axiom LLC reduced its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 38.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,003 shares of the real estate investment trust's stock after selling 16,790 shares during the period. WealthTrust Axiom LLC's holdings in Annaly Capital Management were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Corebridge Financial Inc. raised its position in shares of Annaly Capital Management by 0.7% in the first quarter. Corebridge Financial Inc. now owns 638,700 shares of the real estate investment trust's stock valued at $12,972,000 after purchasing an additional 4,425 shares during the period. Comerica Bank grew its stake in Annaly Capital Management by 1.9% in the 1st quarter. Comerica Bank now owns 200,233 shares of the real estate investment trust's stock valued at $4,067,000 after buying an additional 3,687 shares in the last quarter. MetLife Investment Management LLC grew its stake in Annaly Capital Management by 1.5% in the 1st quarter. MetLife Investment Management LLC now owns 320,844 shares of the real estate investment trust's stock valued at $6,516,000 after buying an additional 4,856 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Annaly Capital Management by 122.9% during the first quarter. Walleye Capital LLC now owns 10,019 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 53,739 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Annaly Capital Management in the first quarter worth $726,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on NLY shares. Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. UBS Group reaffirmed a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Up 2.9%

Shares of NYSE NLY opened at $21.1350 on Monday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $20.02 and a 200-day moving average of $19.94. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 5.01 and a beta of 1.20. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month 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, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is currently 277.23%.

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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