Annaly Capital Management Inc $NLY Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 43.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,691 shares of the real estate investment trust’s stock after selling 198,368 shares during the period. QRG Capital Management Inc.’s holdings in Annaly Capital Management were worth $5,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares in the last quarter. State Street Corp grew its position in Annaly Capital Management by 2.8% in the 2nd quarter. State Street Corp now owns 22,683,988 shares of the real estate investment trust’s stock valued at $442,136,000 after acquiring an additional 611,817 shares in the last quarter. Geode Capital Management LLC increased its stake in Annaly Capital Management by 6.8% during the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock worth $280,535,000 after purchasing an additional 949,260 shares during the period. Norges Bank acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $130,626,000. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Annaly Capital Management by 33.3% in the second quarter. Brandywine Global Investment Management LLC now owns 4,328,606 shares of the real estate investment trust’s stock valued at $81,464,000 after purchasing an additional 1,081,482 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 2.3%

Shares of NYSE:NLY opened at $24.38 on Monday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.40. The company’s 50 day moving average is $22.61 and its two-hundred day moving average is $21.46. The company 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 issued 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.5%. Annaly Capital Management’s dividend payout ratio is presently 129.63%.

Wall Street Analyst Weigh In

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

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.