Global Retirement Partners LLC Trims Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Global Retirement Partners LLC lowered its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 72.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,963 shares of the real estate investment trust's stock after selling 39,753 shares during the quarter. Global Retirement Partners LLC's holdings in Annaly Capital Management were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after buying an additional 109,655 shares during the period. State Street Corp lifted its holdings in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock valued at $360,296,000 after acquiring an additional 223,294 shares during the last quarter. Geode Capital Management LLC grew its position in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock worth $172,988,000 after acquiring an additional 241,465 shares during the period. KBC Group NV increased its stake in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock valued at $79,900,000 after purchasing an additional 3,350,435 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Annaly Capital Management Stock Performance

NLY stock traded up $0.24 during mid-day trading on Friday, reaching $21.97. The company had a trading volume of 13,502,074 shares, compared to its average volume of 7,492,697. The firm has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $19.85. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.05.

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

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 11.84%. Annaly Capital Management's payout ratio is currently 163.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. 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. Finally, Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus target price 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.