Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC reduced its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 50.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,787 shares of the real estate investment trust's stock after selling 15,286 shares during the period. Western Wealth Management LLC's holdings in Annaly Capital Management were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after acquiring an additional 8,272,674 shares during the period. Norges Bank acquired a new position in Annaly Capital Management during the fourth quarter worth $127,397,000. Vanguard Group Inc. raised its position in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. KBC Group NV raised its position in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the period. Finally, Northern Trust Corp raised its position in Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NLY traded down $0.30 during mid-day trading on Friday, reaching $18.89. The stock had a trading volume of 5,353,026 shares, compared to its average volume of 6,401,723. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The business's fifty day moving average is $19.10 and its 200 day moving average is $19.75. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.83%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is currently 314.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NLY shares. Royal Bank of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods upped 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. Piper Sandler dropped 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 report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price 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. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus 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.