Meritage Portfolio Management Sells 3,477 Shares of Annaly Capital Management Inc (NYSE:NLY)

Meritage Portfolio Management trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 139,989 shares of the real estate investment trust’s stock after selling 3,477 shares during the quarter. Meritage Portfolio Management’s holdings in Annaly Capital Management were worth $2,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust’s stock valued at $630,007,000 after buying an additional 8,272,674 shares during the last quarter. Norges Bank bought a new position in Annaly Capital Management in the 4th quarter valued at approximately $127,397,000. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Annaly Capital Management by 90.6% in the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust’s stock worth $138,853,000 after purchasing an additional 3,606,366 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Annaly Capital Management by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust’s stock worth $172,706,000 after purchasing an additional 814,917 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

NLY opened at $19.37 on Friday. The company has a 50 day simple moving average of $19.23 and a two-hundred day simple moving average of $19.65. The firm has a market cap of $11.57 billion, a P/E ratio of 21.76, a PEG ratio of 4.26 and a beta of 1.22. Annaly Capital Management Inc has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. Equities analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.46%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 314.61%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped 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 set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler reduced their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada dropped their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

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.