Shell Asset Management Co. Decreases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Shell Asset Management Co. lessened its position in Annaly Capital Management, Inc. (NYSE:NLY) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,855 shares of the real estate investment trust’s stock after selling 1,319 shares during the quarter. Shell Asset Management Co.’s holdings in Annaly Capital Management were worth $583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC increased its holdings in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,030 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Piper Sandler cut their price target on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a report on Friday, May 2nd. Jones Trading reaffirmed a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.10.

Annaly Capital Management Stock Up 0.9%

NLY stock opened at $19.89 on Monday. The business has a fifty day moving average of $19.55 and a two-hundred day moving average of $19.77. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.70 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.08%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently 314.61%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.