HighTower Advisors LLC Sells 47,413 Shares of Annaly Capital Management Inc $NLY

HighTower Advisors LLC cut its position in Annaly Capital Management Inc (NYSE:NLY) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,461 shares of the real estate investment trust’s stock after selling 47,413 shares during the quarter. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $1,695,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. AIA Group Ltd raised its position in shares of Annaly Capital Management by 53.4% during the first quarter. AIA Group Ltd now owns 78,407 shares of the real estate investment trust’s stock worth $1,592,000 after acquiring an additional 27,310 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Annaly Capital Management by 13.2% during the first quarter. Independent Advisor Alliance now owns 35,485 shares of the real estate investment trust’s stock worth $721,000 after acquiring an additional 4,134 shares during the last quarter. Nuveen LLC bought a new position in shares of Annaly Capital Management during the first quarter worth about $37,580,000. Cooper Financial Group bought a new position in shares of Annaly Capital Management during the first quarter worth about $210,000. Finally, King Luther Capital Management Corp raised its position in shares of Annaly Capital Management by 42.6% during the first quarter. King Luther Capital Management Corp now owns 16,739 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 5,000 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 2.9%

NYSE NLY opened at $21.1350 on Monday. The business has a 50 day simple moving average of $20.02 and a 200 day simple moving average of $19.94. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.11. The stock has a market capitalization of $13.57 billion, a P/E ratio of 20.93, a P/E/G ratio of 5.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The business had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. Research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 277.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jones Trading restated a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. UBS Group restated a “neutral” rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Piper Sandler decreased their target price on 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. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.72.

About Annaly Capital Management

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.