Raymond James & Associates Has $3.52 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Raymond James & Associates lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 75.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,354 shares of the real estate investment trust’s stock after selling 617,519 shares during the period. Raymond James & Associates’ holdings in Annaly Capital Management were worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Xponance Inc. lifted its position in Annaly Capital Management by 71.4% in the 3rd quarter. Xponance Inc. now owns 51,327 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 21,375 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Annaly Capital Management by 106.7% during the third quarter. State of Michigan Retirement System now owns 123,631 shares of the real estate investment trust’s stock valued at $2,122,000 after buying an additional 63,807 shares during the last quarter. Next Level Private LLC bought a new stake in Annaly Capital Management during the third quarter worth $220,000. Louisiana State Employees Retirement System purchased a new stake in Annaly Capital Management in the 3rd quarter valued at $1,968,000. Finally, New Mexico Educational Retirement Board purchased a new stake in Annaly Capital Management in the 3rd quarter valued at $1,154,000. Institutional investors own 52.80% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $22.46 on Friday. The firm has a market cap of $10.51 billion, a P/E ratio of 2.80 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $21.65 and its 200-day moving average is $22.44. Annaly Capital Management, Inc. has a 12-month low of $15.11 and a 12-month high of $31.76.

Annaly Capital Management (NYSE:NLY – Get Rating) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.07. The firm had revenue of $344.70 million for the quarter, compared to the consensus estimate of $424.90 million. Annaly Capital Management had a return on equity of 18.29% and a net margin of 126.07%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 earnings per share. Sell-side analysts predict that Annaly Capital Management, Inc. will post 4.22 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 15.67%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 43.89%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Annaly Capital Management to $18.50 in a research note on Friday, November 4th. Piper Sandler dropped their target price on shares of Annaly Capital Management from $28.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 30th. Credit Suisse Group decreased their price target on Annaly Capital Management to $20.00 in a research report on Thursday, October 13th. Wells Fargo & Company cut their price objective on Annaly Capital Management from $26.00 to $18.50 and set an “equal weight” rating on the stock in a research report on Friday, October 28th. Finally, Barclays raised their target price on Annaly Capital Management from $19.00 to $24.00 in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management presently has an average rating of “Hold” and a consensus price target of $22.55.

Annaly Capital Management Company Profile

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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.