Cane Capital Partners LLC Reduces Holdings in Annaly Capital Management Inc $NLY

Cane Capital Partners LLC decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 51.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,028 shares of the real estate investment trust’s stock after selling 25,000 shares during the period. Cane Capital Partners LLC’s holdings in Annaly Capital Management were worth $508,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC raised its holdings in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $31,000. TD Private Client Wealth LLC boosted its holdings in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $37,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.6%

Shares of NYSE:NLY opened at $22.23 on Thursday. The stock has a market cap of $16.29 billion, a PE ratio of 7.51, a P/E/G ratio of 6.83 and a beta of 1.16. Annaly Capital Management Inc has a 12-month low of $19.01 and a 12-month high of $24.52. The business has a 50 day moving average of $22.07 and a 200-day moving average of $22.45.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Equities research analysts expect that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.5%. Annaly Capital Management’s payout ratio is presently 101.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NLY shares. Piper Sandler lowered their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. JonesTrading reaffirmed a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. BTIG Research set a $24.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Profile

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.