abrdn plc Reduces Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

abrdn plc decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,057 shares of the real estate investment trust's stock after selling 18,838 shares during the quarter. abrdn plc's holdings in Annaly Capital Management were worth $2,739,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Avior Wealth Management LLC grew its holdings in shares of Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 850 shares during the period. UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 647 shares during the period. Blue Trust Inc. grew its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the period. Toth Financial Advisory Corp increased its holdings in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after buying an additional 576 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its position in shares of Annaly Capital Management by 68.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 1,200 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 1.2 %

Annaly Capital Management stock traded up $0.24 during trading on Thursday, reaching $20.94. The stock had a trading volume of 6,042,775 shares, compared to its average volume of 6,614,617. The stock has a market cap of $11.74 billion, a PE ratio of 13.17, a P/E/G ratio of 4.66 and a beta of 1.52. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The business has a 50 day moving average price of $19.43 and a 200 day moving average price of $19.73. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.42%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's payout ratio is 163.52%.

Analyst Ratings Changes

NLY has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

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.