Annaly Capital Management Inc $NLY Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. reduced its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 61.8% during the third quarter, Holdings Channel reports. The institutional investor owned 27,447 shares of the real estate investment trust’s stock after selling 44,392 shares during the period. Simplify Asset Management Inc.’s holdings in Annaly Capital Management were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NLY. Root Financial Partners LLC grew its stake in Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,136 shares during the period. Markowski Investments bought a new position in Annaly Capital Management in the 2nd quarter valued at about $37,000. Fourth Dimension Wealth LLC boosted its stake in Annaly Capital Management by 30.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 500 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Annaly Capital Management during the 1st quarter valued at about $70,000. Finally, Bessemer Group Inc. boosted its stake in Annaly Capital Management by 42.6% during the 1st quarter. Bessemer Group Inc. now owns 3,699 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,105 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the subject of a number of recent research reports. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Wells Fargo & Company set a $22.00 target price on Annaly Capital Management and gave the company an “overweight” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $19.00 to $19.50 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Tuesday, October 6th. Finally, BTIG Research set a $21.00 price target on Annaly Capital Management and gave the company a “buy” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Annaly Capital Management Stock Down 0.5%

NLY opened at $18.24 on Thursday. The company’s 50-day moving average price is $20.51 and its two-hundred day moving average price is $22.00. Annaly Capital Management Inc has a twelve month low of $17.70 and a twelve month high of $24.52. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.44 and a beta of 1.21.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $637.41 million. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 3.12 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 16.4%. Annaly Capital Management’s dividend payout ratio is presently 209.79%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.