Shell Asset Management Co. Sells 23,983 Shares of Annaly Capital Management Inc $NLY

Shell Asset Management Co. cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 34.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 46,606 shares of the real estate investment trust’s stock after selling 23,983 shares during the quarter. Shell Asset Management Co.’s holdings in Annaly Capital Management were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Private Wealth Advisors LLC increased its position in Annaly Capital Management by 76.8% during the third quarter. International Private Wealth Advisors LLC now owns 28,812 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 12,513 shares during the last quarter. Savvy Advisors Inc. increased its position in shares of Annaly Capital Management by 3.4% during the 3rd quarter. Savvy Advisors Inc. now owns 36,948 shares of the real estate investment trust’s stock valued at $747,000 after purchasing an additional 1,231 shares during the last quarter. LSV Asset Management increased its position in shares of Annaly Capital Management by 1.9% during the 3rd quarter. LSV Asset Management now owns 3,013,141 shares of the real estate investment trust’s stock valued at $60,896,000 after purchasing an additional 57,082 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Annaly Capital Management by 20.6% in the 3rd quarter. Cibc World Market Inc. now owns 181,810 shares of the real estate investment trust’s stock worth $3,674,000 after purchasing an additional 31,027 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Annaly Capital Management by 4.3% in the third quarter. Rhumbline Advisers now owns 1,786,198 shares of the real estate investment trust’s stock worth $36,099,000 after buying an additional 73,584 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $23.06 on Tuesday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The firm has a market capitalization of $16.56 billion, a PE ratio of 8.29, a PEG ratio of 7.09 and a beta of 1.24. The stock has a fifty day simple moving average of $23.09 and a two-hundred day simple moving average of $21.96.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.1%. Annaly Capital Management’s payout ratio is currently 100.72%.

Analysts Set New Price Targets

NLY has been the subject of a number of research reports. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 price objective (up previously from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. One investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.