Audent Global Asset Management LLC Decreases Holdings in Annaly Capital Management Inc $NLY

Audent Global Asset Management LLC reduced its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 34.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 58,000 shares of the real estate investment trust’s stock after selling 30,430 shares during the period. Annaly Capital Management accounts for approximately 1.3% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Audent Global Asset Management LLC’s holdings in Annaly Capital Management were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Koshinski Asset Management Inc. increased its holdings in shares of Annaly Capital Management by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 463 shares during the last quarter. Fourth Dimension Wealth LLC boosted its position in Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. GWN Securities Inc. raised its holdings in shares of Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 514 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Annaly Capital Management by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 524 shares during the period. Finally, Strs Ohio raised its stake in Annaly Capital Management by 3.3% during the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 1.7%

Shares of Annaly Capital Management stock opened at $23.02 on Friday. The business’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $22.46. Annaly Capital Management Inc has a 12 month low of $19.70 and a 12 month high of $24.52. The firm has a market capitalization of $16.87 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 7.11 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. Analysts predict that Annaly Capital Management Inc will post 3 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s payout ratio is presently 101.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NLY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Piper Sandler lifted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Annaly Capital Management Company 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.