Annaly Capital Management Inc $NLY Stake Lowered by US Bancorp DE

US Bancorp DE cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,818 shares of the real estate investment trust’s stock after selling 1,553 shares during the quarter. US Bancorp DE’s holdings in Annaly Capital Management were worth $674,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Columbus Macro LLC grew its holdings in shares of Annaly Capital Management by 11.9% during the second quarter. Columbus Macro LLC now owns 377,476 shares of the real estate investment trust’s stock valued at $7,104,000 after purchasing an additional 40,164 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Annaly Capital Management by 10.9% during the second quarter. Maryland State Retirement & Pension System now owns 29,061 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 2,865 shares during the last quarter. PARK CIRCLE Co bought a new position in Annaly Capital Management in the 2nd quarter worth approximately $376,000. Clear Creek Financial Management LLC grew its holdings in Annaly Capital Management by 11.7% in the 2nd quarter. Clear Creek Financial Management LLC now owns 39,080 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 4,102 shares in the last quarter. Finally, Proffitt & Goodson Inc. grew its holdings in Annaly Capital Management by 3.1% in the 2nd quarter. Proffitt & Goodson Inc. now owns 55,835 shares of the real estate investment trust’s stock worth $1,051,000 after buying an additional 1,672 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NLY shares. Piper Sandler set a $22.50 price objective on Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Keefe, Bruyette & Woods increased their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Finally, Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.13.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $20.77 on Monday. The stock has a fifty day moving average price of $21.09 and a two-hundred day moving average price of $19.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $13.33 billion, a P/E ratio of 20.56, a PEG ratio of 4.93 and a beta of 1.25. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 277.23%.

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.