Sei Investments Co. Sells 103,630 Shares of Annaly Capital Management Inc $NLY

Sei Investments Co. cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 6.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,585,452 shares of the real estate investment trust’s stock after selling 103,630 shares during the quarter. Sei Investments Co.’s holdings in Annaly Capital Management were worth $33,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Investments LLC acquired a new stake in Annaly Capital Management during the fourth quarter worth approximately $7,946,000. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after buying an additional 3,024,564 shares during the period. Legal & General Group Plc boosted its holdings in shares of Annaly Capital Management by 3.9% during the 4th quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock worth $44,379,000 after buying an additional 74,074 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Annaly Capital Management by 165.4% during the 4th quarter. DNB Asset Management AS now owns 336,067 shares of the real estate investment trust’s stock worth $7,514,000 after buying an additional 209,435 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $162,477,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler raised their price target 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. UBS Group reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. JonesTrading reiterated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Stock Up 0.6%

NYSE NLY opened at $22.59 on Tuesday. Annaly Capital Management Inc has a 52 week low of $20.00 and a 52 week high of $24.52. The business has a 50 day moving average price of $22.18 and a 200-day moving average price of $22.45. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 5.66, a P/E/G ratio of 6.73 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $892.86 million for the quarter, compared to analysts’ expectations of $639.80 million. On average, equities research analysts anticipate that Annaly Capital Management Inc will post 3.03 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. 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 13.3%. Annaly Capital Management’s dividend payout ratio is currently 75.19%.

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.