Janney Montgomery Scott LLC Lowers Holdings in Annaly Capital Management Inc (NYSE:NLY)

Janney Montgomery Scott LLC reduced its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 0.4% during the first quarter, HoldingsChannel reports. The firm owned 153,098 shares of the real estate investment trust’s stock after selling 640 shares during the period. Janney Montgomery Scott LLC’s holdings in Annaly Capital Management were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jupiter Wealth Management LLC lifted its holdings in Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 492 shares during the period. Proffitt & Goodson Inc. increased its position in Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 505 shares in the last quarter. Cannell & Spears LLC increased its position in Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 518 shares in the last quarter. LVZ Inc. increased its position in Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 521 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 549 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NLY shares. Piper Sandler cut their target price on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Jones Trading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Royal Bank Of Canada decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.00.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $19.36 on Wednesday. The stock’s fifty day moving average price is $19.08 and its 200 day moving average price is $19.68. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 4.22 and a beta of 1.23. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. As a group, equities research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.46%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 314.61%.

Annaly Capital Management Profile

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.