Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,552 shares of the real estate investment trust’s stock after selling 5,369 shares during the period. Thompson Investment Management Inc.’s holdings in Annaly Capital Management were worth $925,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wernau Asset Management Inc. purchased a new stake in Annaly Capital Management in the 4th quarter valued at approximately $229,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Annaly Capital Management by 12.2% in 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 acquiring an additional 393,581 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Annaly Capital Management in the fourth quarter worth $730,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at $4,448,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Annaly Capital Management during the fourth quarter valued at $4,909,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on NLY shares. Royal Bank of Canada cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods lifted their price target 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. Jones Trading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Friday, May 2nd. Piper Sandler decreased 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 research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.37 on Wednesday. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a one year low of $16.60 and a one year high of $22.11. The company has a 50 day moving average price of $18.85 and a 200 day moving average price of $19.72.

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

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.46%. Annaly Capital Management’s dividend payout ratio is presently 314.61%.

Annaly Capital Management Company Profile

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.