Guggenheim Capital LLC Lowers Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Posted by Defense World Staff on Mar 8th, 2023

Guggenheim Capital LLC reduced its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 94.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,292 shares of the real estate investment trust’s stock after selling 861,466 shares during the period. Guggenheim Capital LLC’s holdings in Annaly Capital Management were worth $880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Annaly Capital Management in the 2nd quarter worth about $26,000. Wipfli Financial Advisors LLC bought a new stake in Annaly Capital Management in the 3rd quarter worth about $31,000. Larson Financial Group LLC increased its holdings in Annaly Capital Management by 1,817.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,817 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Annaly Capital Management during the 3rd quarter valued at about $34,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Annaly Capital Management by 69.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,436 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,638 shares during the period. Institutional investors own 52.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on Annaly Capital Management from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Jonestrading initiated coverage on Annaly Capital Management in a report on Monday, December 19th. They issued a “buy” rating and a $22.50 price target on the stock. Argus cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. StockNews.com cut Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. Finally, Barclays boosted their price target on Annaly Capital Management from $19.00 to $24.00 in a report on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.17.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $20.11 on Wednesday. The stock’s fifty day moving average is $21.97 and its 200 day moving average is $21.47. Annaly Capital Management, Inc. has a fifty-two week low of $15.11 and a fifty-two week high of $29.88. The firm has a market capitalization of $9.93 billion, a PE ratio of 4.04 and a beta of 1.35. The company has a debt-to-equity ratio of 6.84, a quick ratio of 4.66 and a current ratio of 4.66.

Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The company had revenue of $135.09 million for the quarter, compared to the consensus estimate of $426.09 million. Annaly Capital Management had a return on equity of 19.23% and a net margin of 62.09%. Annaly Capital Management’s quarterly revenue was down 62.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 3.01 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 17.50%. The ex-dividend date was Thursday, December 29th. Annaly Capital Management’s dividend payout ratio (DPR) is 70.68%.

Annaly Capital Management Company Profile

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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.