Truist Financial Corp cut its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,101 shares of the real estate investment trust’s stock after selling 4,005 shares during the quarter. Truist Financial Corp’s holdings in Annaly Capital Management were worth $1,029,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Selway Asset Management acquired a new position in shares of Annaly Capital Management in the third quarter worth approximately $26,000. GAMMA Investing LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $33,000. Central Bank & Trust Co. acquired a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $34,000. NBC Securities Inc. bought a new stake in shares of Annaly Capital Management in the 3rd quarter valued at $38,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Annaly Capital Management by 470.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,403 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,982 shares during the period. Institutional investors own 51.56% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on NLY. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research note on Monday. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price for the company. Jonestrading reiterated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.08.
Read Our Latest Research Report on Annaly Capital Management
Annaly Capital Management Stock Performance
Shares of Annaly Capital Management stock opened at $19.93 on Tuesday. The business has a 50-day simple moving average of $19.23 and a 200 day simple moving average of $18.86. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -20.55 and a beta of 1.54.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. During the same quarter last year, the firm posted $0.81 earnings per share. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current fiscal year.
Annaly Capital Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 13.05%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.
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.
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