California Public Employees Retirement System lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,069,594 shares of the real estate investment trust’s stock after selling 85,138 shares during the period. California Public Employees Retirement System owned 0.21% of Annaly Capital Management worth $24,004,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in NLY. Kings Point Capital Management raised its position in shares of Annaly Capital Management by 101.9% in the 3rd quarter. Kings Point Capital Management now owns 3,000 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,514 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $30,000. Jacobi Capital Management LLC raised its position in shares of Annaly Capital Management by 181.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,000 shares during the last quarter. TAP Consulting LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter worth about $25,000. Finally, CWM LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 41.79% of the company’s stock.
Several equities analysts have recently issued reports on NLY shares. Barclays lowered their price target on Annaly Capital Management from $8.00 to $7.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating for the company in a research report on Monday, April 25th. TheStreet lowered Annaly Capital Management from a “b” rating to a “c+” rating in a research report on Wednesday, January 19th. Piper Sandler decreased their target price on Annaly Capital Management from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 5th. Finally, StockNews.com started coverage on Annaly Capital Management in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7.75.
Annaly Capital Management (NYSE:NLY – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Annaly Capital Management had a return on equity of 15.45% and a net margin of 141.90%. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.08%. Annaly Capital Management’s dividend payout ratio is currently 50.57%.
Annaly Capital Management Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Annaly Capital Management (NLY)
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