Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,019,228 shares of the real estate investment trust’s stock after selling 6,475 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.20% of Annaly Capital Management worth $19,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Wellington Management Group LLP raised its stake in Annaly Capital Management by 1,801.9% in the third quarter. Wellington Management Group LLP now owns 803,555 shares of the real estate investment trust’s stock valued at $15,115,000 after buying an additional 761,304 shares during the last quarter. abrdn plc increased its holdings in shares of Annaly Capital Management by 612.0% in the third quarter. abrdn plc now owns 650,362 shares of the real estate investment trust’s stock valued at $12,233,000 after purchasing an additional 559,016 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at about $95,350,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Annaly Capital Management by 45.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,437,877 shares of the real estate investment trust’s stock valued at $27,046,000 after purchasing an additional 449,881 shares during the period. Finally, Algebris UK Ltd acquired a new position in shares of Annaly Capital Management in the third quarter valued at about $7,964,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 0.5 %

Annaly Capital Management stock opened at $18.33 on Tuesday. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of -5.08 and a beta of 1.54. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07. The business’s 50-day moving average price is $19.10 and its 200 day moving average price is $18.61. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 14.18%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is -72.02%.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NLY has been the topic of a number of research reports. Compass Point initiated coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Jonestrading increased their price objective on Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.19.

Annaly Capital Management 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.