Mirae Asset Global Investments Co. Ltd. Sells 119,918 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Posted by Defense World Staff on Aug 5th, 2023

Mirae Asset Global Investments Co. Ltd. trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,872 shares of the real estate investment trust’s stock after selling 119,918 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.21% of Annaly Capital Management worth $19,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NLY. Credit Suisse AG raised its holdings in Annaly Capital Management by 13.4% during the fourth quarter. Credit Suisse AG now owns 1,408,966 shares of the real estate investment trust’s stock worth $29,701,000 after buying an additional 166,521 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Annaly Capital Management by 635.2% in the 1st quarter. SG Americas Securities LLC now owns 124,884 shares of the real estate investment trust’s stock worth $2,387,000 after acquiring an additional 107,897 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Annaly Capital Management by 5.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 189,960 shares of the real estate investment trust’s stock valued at $3,630,000 after acquiring an additional 9,022 shares in the last quarter. First Trust Advisors LP boosted its stake in Annaly Capital Management by 32.8% during the 4th quarter. First Trust Advisors LP now owns 1,671,232 shares of the real estate investment trust’s stock valued at $35,230,000 after purchasing an additional 412,519 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in Annaly Capital Management by 793.3% during the 1st quarter. AdvisorNet Financial Inc now owns 2,010 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,785 shares in the last quarter. 51.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on NLY. StockNews.com upgraded shares of Annaly Capital Management to a “sell” rating in a report on Thursday, June 22nd. Piper Sandler boosted their target price on Annaly Capital Management from $21.50 to $22.00 in a research note on Friday, July 28th. Wells Fargo & Company decreased their price target on Annaly Capital Management from $23.00 to $21.00 in a research report on Friday, April 28th. Jonestrading reissued a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $23.00 to $22.00 in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.31.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.84 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.07 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $20.08. Annaly Capital Management, Inc. has a twelve month low of $15.11 and a twelve month high of $27.36.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.60 annualized dividend and a yield of 13.10%. Annaly Capital Management’s payout ratio is presently -62.20%.

Annaly Capital Management Company Profile

(Free Report)

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; residential mortgage loans; and agency or private label credit risk transfer securities.