Audent Global Asset Management LLC Trims Stake in Annaly Capital Management Inc $NLY

Audent Global Asset Management LLC lessened its stake in Annaly Capital Management Inc (NYSE:NLY) by 34.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,000 shares of the real estate investment trust’s stock after selling 30,430 shares during the period. Annaly Capital Management comprises approximately 1.3% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Audent Global Asset Management LLC’s holdings in Annaly Capital Management were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. Norges Bank purchased a new position in Annaly Capital Management in the fourth quarter valued at $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Annaly Capital Management by 394.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after acquiring an additional 4,286,893 shares during the period. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 5.0% in the 4th 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 purchasing an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $63,699,000. Finally, Goldman Sachs Group Inc. raised its holdings in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Piper Sandler raised their price objective on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday, June 17th. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Annaly Capital Management Price Performance

NYSE NLY opened at $23.02 on Friday. The firm’s 50-day moving average is $22.12 and its two-hundred day moving average is $22.46. Annaly Capital Management Inc has a 12 month low of $19.70 and a 12 month high of $24.52. The stock has a market capitalization of $16.87 billion, a P/E ratio of 7.78, a PEG ratio of 7.11 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, analysts anticipate that Annaly Capital Management Inc will post 3 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.0%. Annaly Capital Management’s payout ratio is currently 101.35%.

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.