Victory Capital Management Inc. decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,178,899 shares of the real estate investment trust's stock after selling 2,211 shares during the period. Victory Capital Management Inc.'s holdings in Annaly Capital Management were worth $20,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smith Moore & CO. raised its position in Annaly Capital Management by 5.9% during the 4th quarter. Smith Moore & CO. now owns 25,219 shares of the real estate investment trust's stock valued at $197,000 after purchasing an additional 1,400 shares during the last quarter. Sigma Planning Corp raised its position in Annaly Capital Management by 1.5% during the 4th quarter. Sigma Planning Corp now owns 95,449 shares of the real estate investment trust's stock valued at $746,000 after purchasing an additional 1,453 shares during the last quarter. Atticus Wealth Management LLC raised its position in Annaly Capital Management by 21.4% during the 1st quarter. Atticus Wealth Management LLC now owns 8,500 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,500 shares during the last quarter. H&H Retirement Design & Management INC raised its position in Annaly Capital Management by 3.0% during the 4th quarter. H&H Retirement Design & Management INC now owns 52,929 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its position in Annaly Capital Management by 7.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 23,442 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors own 41.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NLY shares. Piper Sandler decreased their target price on Annaly Capital Management from $6.50 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, June 28th. Credit Suisse Group decreased their target price on Annaly Capital Management to $6.50 in a research report on Friday, July 22nd. Barclays decreased their target price on Annaly Capital Management from $8.00 to $7.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $7.50 to $6.50 and set an "overweight" rating for the company in a research report on Monday, April 25th. Finally, Keefe, Bruyette & Woods raised Annaly Capital Management from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $6.25 to $6.75 in a research report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.67.

Insider Buying and Selling at Annaly Capital Management

Annaly Capital Management Stock Down 0.3 %

NLY stock opened at $6.62 on Friday. Annaly Capital Management, Inc. has a twelve month low of $5.45 and a twelve month high of $8.94. The firm has a market cap of $9.67 billion, a PE ratio of 2.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The business has a 50 day moving average of $6.30 and a 200 day moving average of $6.77.

Annaly Capital Management (NYSE:NLY – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. Annaly Capital Management had a return on equity of 16.72% and a net margin of 178.91%. The company had revenue of $475.14 million during the quarter, compared to analyst estimates of $399.39 million. During the same quarter last year, the company earned $0.30 EPS. The firm's revenue for the quarter was down 18.2% on a year-over-year basis. On average, research analysts expect that Annaly Capital Management, Inc. will post 1.1 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.88 annualized dividend and a yield of 13.29%. Annaly Capital Management's dividend payout ratio is 34.92%.

About Annaly Capital Management

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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.

Further Reading

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