Corient Private Wealth LLC Reduces Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Corient Private Wealth LLC decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLYFree Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,656 shares of the real estate investment trust’s stock after selling 2,147 shares during the quarter. Corient Private Wealth LLC’s holdings in Annaly Capital Management were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Norges Bank purchased a new stake in Annaly Capital Management in the fourth quarter worth $110,244,000. Victory Capital Management Inc. lifted its stake in Annaly Capital Management by 1,505.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock worth $32,482,000 after acquiring an additional 1,572,487 shares during the period. Wellington Management Group LLP lifted 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 worth $15,115,000 after acquiring an additional 761,304 shares during the period. International Assets Investment Management LLC purchased a new position in Annaly Capital Management during the fourth quarter valued at $95,350,000. Finally, Dupree Financial Group LLC purchased a new position in Annaly Capital Management during the fourth quarter valued at $9,222,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NLY shares. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 12th. Compass Point started coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Janney Montgomery Scott started coverage on Annaly Capital Management in a research report on Thursday. They set a “buy” rating and a $21.00 price objective for the company. Jonestrading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, April 25th. Finally, StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

Check Out Our Latest Report on NLY

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.90 on Friday. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The business has a fifty day moving average price of $19.29 and a 200-day moving average price of $19.20. The company has a market capitalization of $9.96 billion, a PE ratio of -20.52 and a beta of 1.53.

Annaly Capital Management (NYSE:NLYGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period last year, the company earned $0.81 earnings per share. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 13.07%. Annaly Capital Management’s payout ratio is -268.04%.

About Annaly Capital Management

(Free Report)

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.

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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