FWL Investment Management LLC Purchases 17,729 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

FWL Investment Management LLC lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 225.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,579 shares of the real estate investment trust's stock after purchasing an additional 17,729 shares during the quarter. FWL Investment Management LLC's holdings in Annaly Capital Management were worth $468,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its stake in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,030 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 1.5%

Shares of NYSE NLY traded up $0.29 during midday trading on Monday, hitting $19.52. The stock had a trading volume of 7,131,977 shares, compared to its average volume of 6,197,005. The business's 50 day moving average is $19.74 and its 200-day moving average is $19.76. The company has a market cap of $11.66 billion, a P/E ratio of 12.27, a PEG ratio of 4.89 and a beta of 1.25. 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 issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 14.35%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is currently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler dropped 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 research report on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.10.

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.