Annaly Capital Management Inc $NLY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,584 shares of the real estate investment trust’s stock after selling 26,386 shares during the period. Hsbc Holdings PLC’s holdings in Annaly Capital Management were worth $5,204,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NLY. Koshinski Asset Management Inc. raised its stake in Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 463 shares during the period. Fourth Dimension Wealth LLC boosted its stake in 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 during the period. GWN Securities Inc. grew its holdings in shares of Annaly Capital Management by 5.0% during the fourth quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 514 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Annaly Capital Management by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 524 shares during the last quarter. Finally, Jupiter Wealth Management LLC raised its position in shares of Annaly Capital Management by 3.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 551 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.9%

Shares of NLY opened at $22.73 on Friday. The firm has a market capitalization of $16.65 billion, a PE ratio of 7.68, a P/E/G ratio of 6.84 and a beta of 1.16. The firm has a 50-day moving average price of $22.07 and a 200 day moving average price of $22.47. Annaly Capital Management Inc has a 52-week low of $19.39 and a 52-week high of $24.52.

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. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. On average, equities analysts expect that Annaly Capital Management Inc will post 3 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is 101.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NLY shares. Piper Sandler boosted their price target on shares of 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 shares of Annaly Capital Management in a research note on Wednesday, June 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. UBS Group restated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Finally, JonesTrading reissued a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. 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 company. According to MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

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.