Annaly Capital Management Inc $NLY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in Annaly Capital Management Inc (NYSE:NLY) by 14.5% in the 3rd quarter, Holdings Channel reports. The fund owned 1,047,618 shares of the real estate investment trust’s stock after selling 177,075 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Annaly Capital Management were worth $21,172,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 4,205 shares during the period. Millennium Management LLC increased its stake in shares of Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after acquiring an additional 80,481 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 3,074 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 2.3%

NYSE NLY opened at $24.38 on Friday. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $24.40. The business has a 50 day moving average price of $22.61 and a two-hundred day moving average price of $21.45. The stock has a market cap of $16.65 billion, a PE ratio of 11.29, a P/E/G ratio of 7.53 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 11.5%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 129.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jones Trading reaffirmed a “buy” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Piper Sandler reiterated an “overweight” rating and issued a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a report on Thursday. Barclays set a $23.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.81.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.