Annaly Capital Management Inc $NLY Shares Sold by KBC Group NV

KBC Group NV lessened its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,582,170 shares of the real estate investment trust’s stock after selling 393,836 shares during the period. KBC Group NV’s holdings in Annaly Capital Management were worth $102,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NLY. Fourth Dimension Wealth LLC increased its holdings in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 500 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in Annaly Capital Management during the 4th quarter worth about $29,000. Root Financial Partners LLC boosted its position in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $31,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Down 0.3%

Shares of NLY opened at $23.33 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16. The company’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $22.40. Annaly Capital Management Inc has a 12-month low of $20.00 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, equities research analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. Annaly Capital Management’s dividend payout ratio is currently 75.19%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NLY shares. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Piper Sandler increased their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.