Annaly Capital Management Inc $NLY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 27.1% in the third quarter, Holdings Channel reports. The fund owned 225,224 shares of the real estate investment trust’s stock after selling 83,535 shares during the period. Thrivent Financial for Lutherans’ holdings in Annaly Capital Management were worth $4,552,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NLY. Summit Global Investments grew its stake in shares of Annaly Capital Management by 332.3% during the third quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock worth $1,209,000 after purchasing an additional 45,966 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 2,344,867 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Annaly Capital Management by 73.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock worth $5,680,000 after acquiring an additional 114,946 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Annaly Capital Management in the 2nd quarter valued at about $429,000. Finally, Dupree Financial Group LLC raised its position in shares of Annaly Capital Management by 49.2% during the 3rd quarter. Dupree Financial Group LLC now owns 470,508 shares of the real estate investment trust’s stock worth $9,509,000 after acquiring an additional 155,061 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NLY shares. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada upped their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $22.88 on Friday. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $24.52. The business has a 50 day moving average price of $23.08 and a 200 day moving average price of $21.85. The company has a market capitalization of $15.63 billion, a P/E ratio of 8.23, a P/E/G ratio of 7.09 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. As a group, research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently 100.72%.

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.