FJ Capital Management LLC Sells 112,747 Shares of Annaly Capital Management Inc $NLY

FJ Capital Management LLC reduced its stake in Annaly Capital Management Inc (NYSE:NLY) by 60.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,486 shares of the real estate investment trust’s stock after selling 112,747 shares during the period. FJ Capital Management LLC’s holdings in Annaly Capital Management were worth $1,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NLY. AIA Group Ltd raised its position in shares of Annaly Capital Management by 124.8% during the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after purchasing an additional 88,341 shares during the period. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 3.2% during the third quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after purchasing an additional 1,887,629 shares during the period. Horizon Investments LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $7,946,000. Brevan Howard Capital Management LP raised its position in shares of Annaly Capital Management by 105.4% during the third quarter. Brevan Howard Capital Management LP now owns 275,484 shares of the real estate investment trust’s stock worth $5,568,000 after purchasing an additional 141,384 shares during the period. Finally, Citigroup Inc. raised its position in shares of Annaly Capital Management by 48.0% during the third quarter. Citigroup Inc. now owns 865,055 shares of the real estate investment trust’s stock worth $17,483,000 after purchasing an additional 280,645 shares during the period. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. UBS Group reiterated a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, Piper Sandler reduced their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $24.22.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $22.00 on Friday. The stock has a market capitalization of $16.12 billion, a P/E ratio of 7.43, a P/E/G ratio of 6.72 and a beta of 1.17. The company has a 50-day moving average price of $21.97 and a 200-day moving average price of $22.47. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, equities research analysts anticipate that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.6%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is presently 101.35%.

About Annaly Capital Management

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.