UMB Bank n.a. Increases Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

UMB Bank n.a. boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 119.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,699 shares of the real estate investment trust’s stock after purchasing an additional 3,101 shares during the quarter. UMB Bank n.a.’s holdings in Annaly Capital Management were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Annaly Capital Management during the fourth quarter valued at $31,000. Larson Financial Group LLC increased its holdings in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in Annaly Capital Management in the 4th quarter worth about $39,000. Smartleaf Asset Management LLC grew its stake in shares of Annaly Capital Management by 29.3% during the 4th 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 period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $50,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 27th. Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Jones Trading reissued a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Annaly Capital Management Trading Up 0.8%

Shares of Annaly Capital Management stock opened at $19.48 on Friday. The firm has a market cap of $11.64 billion, a P/E ratio of 12.25, a P/E/G ratio of 4.89 and a beta of 1.23. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock’s fifty day moving average price is $18.89 and its 200-day moving average price is $19.71.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.37%. The ex-dividend date is Monday, June 30th. Annaly Capital Management’s payout ratio 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.