Annaly Capital Management Inc $NLY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 232,584 shares of the real estate investment trust’s stock after selling 26,386 shares during the quarter. Hsbc Holdings PLC’s holdings in Annaly Capital Management were worth $5,204,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after buying an additional 4,286,893 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after buying an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Annaly Capital Management during the fourth quarter valued at $63,699,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $22.73 on Friday. The stock has a market capitalization of $16.65 billion, a P/E ratio of 7.68, a P/E/G ratio of 6.84 and a beta of 1.16. The business has a 50-day moving average of $22.07 and a two-hundred day moving average of $22.47. Annaly Capital Management Inc has a fifty-two week low of $19.39 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. As a group, research analysts expect that Annaly Capital Management Inc will post 3 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 13.2%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is currently 101.35%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group reissued a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Piper Sandler boosted their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. JonesTrading reaffirmed a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.44.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.