Annaly Capital Management Inc $NLY Stock: Simplify Asset Management Inc. Lowers Holdings

Simplify Asset Management Inc. trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 61.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its holdings in Annaly Capital Management by 866.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 161,005 shares of the real estate investment trust’s stock worth $3,041,000 after purchasing an additional 144,339 shares during the period. Andra AP fonden increased its position in Annaly Capital Management by 5,304.6% during the second quarter. Andra AP fonden now owns 262,393 shares of the real estate investment trust’s stock worth $5,867,000 after buying an additional 257,538 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Annaly Capital Management by 44.5% in the second quarter. Sequoia Financial Advisors LLC now owns 301,362 shares of the real estate investment trust’s stock valued at $6,738,000 after buying an additional 92,812 shares during the period. Hsbc Holdings PLC raised its stake in Annaly Capital Management by 215.8% in the second quarter. Hsbc Holdings PLC now owns 858,481 shares of the real estate investment trust’s stock valued at $19,288,000 after buying an additional 586,611 shares during the period. Finally, TD Asset Management Inc raised its stake in Annaly Capital Management by 25.1% in the second quarter. TD Asset Management Inc now owns 519,768 shares of the real estate investment trust’s stock valued at $11,622,000 after buying an additional 104,400 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $18.24 on Thursday. Annaly Capital Management Inc has a fifty-two week low of $17.70 and a fifty-two week high of $24.52. The company has a 50 day simple moving average of $20.51 and a two-hundred day simple moving average of $22.00. The company has a market capitalization of $13.75 billion, a PE ratio of 12.76, a P/E/G 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, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. Research analysts predict that Annaly Capital Management Inc will post 3.12 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.75 dividend. The ex-dividend date of this dividend 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 (DPR) is 209.79%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NLY shares. JonesTrading reduced their target price on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Royal Bank Of Canada set a $21.00 price target on Annaly Capital Management and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Piper Sandler cut their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a report on Friday, October 9th. Finally, Barclays set a $21.00 price objective on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

About Annaly Capital Management

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.