Brandywine Global Investment Management LLC Sells 452,894 Shares of Annaly Capital Management Inc $NLY

Brandywine Global Investment Management LLC decreased its position in Annaly Capital Management Inc (NYSE:NLY) by 14.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,771,945 shares of the real estate investment trust’s stock after selling 452,894 shares during the period. Brandywine Global Investment Management LLC’s holdings in Annaly Capital Management were worth $61,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NLY. Fourth Dimension Wealth LLC raised its holdings in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management during the 4th quarter valued at about $29,000. TD Private Client Wealth LLC raised its holdings in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 496 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $38,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $21.23 on Monday. Annaly Capital Management Inc has a fifty-two week low of $18.64 and a fifty-two week high of $24.52. The company has a market cap of $15.56 billion, a PE ratio of 7.17, a P/E/G ratio of 6.48 and a beta of 1.17. The business has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $22.48.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, sell-side analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. Annaly Capital Management’s dividend payout ratio is presently 94.59%.

Wall Street Analysts Forecast Growth

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

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.