Great Valley Advisor Group Inc. lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 78.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,514 shares of the real estate investment trust’s stock after selling 39,265 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Annaly Capital Management were worth $222,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after purchasing an additional 3,668,441 shares during the last quarter. State Street Corp raised its position in Annaly Capital Management by 14.0% during the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Annaly Capital Management by 166.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after acquiring an additional 9,279,874 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,487,063 shares of the real estate investment trust’s stock worth $305,387,000 after acquiring an additional 49,442 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Annaly Capital Management by 1.9% in the 1st quarter. Northern Trust Corp now owns 10,435,592 shares of the real estate investment trust’s stock worth $73,467,000 after acquiring an additional 194,447 shares in the last quarter. Institutional investors own 52.80% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on NLY. Barclays increased their target price on Annaly Capital Management from $19.00 to $24.00 in a research report on Friday, January 6th. StockNews.com started coverage on Annaly Capital Management in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. Royal Bank of Canada upped their price target on Annaly Capital Management from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Piper Sandler cut their price target on Annaly Capital Management from $22.00 to $20.00 in a research note on Monday, April 3rd. Finally, Argus downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.28.
Annaly Capital Management Stock Performance
Annaly Capital Management (NYSE:NLY – Get Rating) last issued its earnings results 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. Annaly Capital Management had a return on equity of 19.23% and a net margin of 62.09%. The business had revenue of $135.09 million for the quarter, compared to the consensus estimate of $426.09 million. During the same period last year, the business posted $1.12 EPS. The company’s revenue was down 62.6% compared to the same quarter last year. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.87 earnings per share for the current fiscal year.
Annaly Capital Management Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.53%. Annaly Capital Management’s payout ratio is 52.21%.
About Annaly Capital Management
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.
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