Capital Investment Advisors LLC Sells 11,279 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Capital Investment Advisors LLC lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,082 shares of the real estate investment trust’s stock after selling 11,279 shares during the quarter. Capital Investment Advisors LLC’s holdings in Annaly Capital Management were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NLY. Wernau Asset Management Inc. acquired a new position in Annaly Capital Management during the fourth quarter worth $229,000. Charles Schwab Investment Management Inc. increased its holdings in Annaly Capital Management by 12.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust’s stock worth $66,105,000 after buying an additional 393,581 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Annaly Capital Management during the fourth quarter worth $730,000. Mercer Global Advisors Inc. ADV acquired a new position in Annaly Capital Management during the fourth quarter worth $4,448,000. Finally, APG Asset Management N.V. acquired a new position in Annaly Capital Management during the fourth quarter worth $4,909,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.7%

Shares of NLY stock opened at $19.19 on Tuesday. The firm has a 50 day moving average price of $18.86 and a two-hundred day moving average price of $19.72. The company has a market capitalization of $11.47 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.59%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 314.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Piper Sandler lowered their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada lowered their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Jones Trading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

About Annaly Capital Management

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.