BDO Wealth Advisors LLC decreased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 74.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,361 shares of the real estate investment trust’s stock after selling 12,829 shares during the period. BDO Wealth Advisors LLC’s holdings in Annaly Capital Management were worth $75,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 2.9% in the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after acquiring an additional 3,668,441 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Annaly Capital Management by 11.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 45,049,917 shares of the real estate investment trust’s stock worth $266,243,000 after acquiring an additional 4,791,590 shares in the last quarter. State Street Corp boosted its stake in shares of Annaly Capital Management by 14.0% in the second 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 period. Goldman Sachs Group Inc. boosted its stake in shares of Annaly Capital Management by 166.1% in the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock valued at $87,858,000 after purchasing an additional 9,279,874 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Annaly Capital Management by 34.4% in the second quarter. Legal & General Group Plc now owns 14,288,781 shares of the real estate investment trust’s stock valued at $84,449,000 after purchasing an additional 3,657,320 shares during the period. Institutional investors and hedge funds own 52.80% of the company’s stock.
Annaly Capital Management Stock Down 0.5 %
Shares of NYSE:NLY opened at $22.46 on Friday. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 2.80 and a beta of 1.27. Annaly Capital Management, Inc. has a 1-year low of $15.11 and a 1-year high of $31.76. The company’s fifty day moving average is $21.65 and its two-hundred day moving average is $22.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.13.
Annaly Capital Management (NYSE:NLY – Get Rating) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $344.70 million for the quarter, compared to analysts’ expectations of $424.90 million. Annaly Capital Management had a net margin of 126.07% and a return on equity of 18.29%. The firm’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Equities analysts anticipate that Annaly Capital Management, Inc. will post 4.22 EPS for the current year.
Annaly Capital Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 15.67%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 43.89%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on NLY shares. UBS Group decreased their target price on shares of Annaly Capital Management to $18.50 in a research note on Friday, November 4th. StockNews.com downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Friday, January 6th. Barclays increased their price objective on shares of Annaly Capital Management from $19.00 to $24.00 in a research note on Friday, January 6th. Royal Bank of Canada reduced their price objective on shares of Annaly Capital Management from $28.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th. Finally, Jonestrading started coverage on shares of Annaly Capital Management in a research note on Monday, December 19th. They set a “buy” rating and a $22.50 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.55.
About Annaly Capital Management
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.
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