Lincoln National Corp lowered its position in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,618 shares of the real estate investment trust’s stock after selling 1,226 shares during the period. Lincoln National Corp’s holdings in Annaly Capital Management were worth $245,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in Annaly Capital Management by 491.5% in the third quarter. SRS Capital Advisors Inc. now owns 11,374 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 9,451 shares in the last quarter. Romano Brothers AND Company bought a new stake in Annaly Capital Management during the 4th quarter worth about $30,000. Edgestream Partners L.P. raised its stake in shares of Annaly Capital Management by 1,976.7% in the third quarter. Edgestream Partners L.P. now owns 286,381 shares of the real estate investment trust’s stock worth $4,914,000 after acquiring an additional 272,591 shares during the last quarter. Values First Advisors Inc. raised its stake in shares of Annaly Capital Management by 37.8% in the fourth quarter. Values First Advisors Inc. now owns 18,791 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 5,151 shares during the last quarter. Finally, Old Port Advisors grew its stake in shares of Annaly Capital Management by 12.3% during the fourth quarter. Old Port Advisors now owns 46,314 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 5,060 shares during the last quarter. 52.80% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Price Performance
NYSE NLY opened at $18.83 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of -8.37 and a beta of 1.36. The business has a 50 day simple moving average of $19.12 and a 200 day simple moving average of $20.55. Annaly Capital Management, Inc. has a 52-week low of $15.11 and a 52-week high of $27.96.
Annaly Capital Management (NYSE:NLY – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $818.25 million during the quarter, compared to the consensus estimate of $183.00 million. Annaly Capital Management had a negative net margin of 38.80% and a positive return on equity of 18.86%. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Analysts anticipate that Annaly Capital Management, Inc. will post 2.86 earnings per share for the current fiscal year.
Annaly Capital Management Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were issued a $0.65 dividend. The ex-dividend date was Thursday, March 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.81%. Annaly Capital Management’s dividend payout ratio (DPR) is -115.56%.
Wall Street Analyst Weigh In
NLY has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $23.00 to $22.00 in a research report on Monday, April 24th. Wells Fargo & Company decreased their price target on Annaly Capital Management from $23.00 to $21.00 in a report on Friday, April 28th. Argus lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. Piper Sandler raised Annaly Capital Management from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $21.50 in a research note on Tuesday, May 2nd. Finally, Royal Bank of Canada lifted their price objective on Annaly Capital Management from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $22.28.
Annaly Capital Management Company Profile
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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.
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