27,306 Annaly Capital Management Inc $NLY Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 67.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,000 shares of the real estate investment trust’s stock after selling 27,306 shares during the quarter. International Assets Investment Management LLC’s holdings in Annaly Capital Management were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. HUB Investment Partners LLC increased its position in shares of Annaly Capital Management by 3.3% in the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 462 shares in the last quarter. Quadcap Wealth Management LLC boosted its position in shares of Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 495 shares in the last quarter. Fourth Dimension Wealth LLC boosted its position in shares of Annaly Capital Management by 30.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 500 shares in the last quarter. Strs Ohio boosted its position in shares of Annaly Capital Management by 3.3% in the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 548 shares in the last quarter. Finally, Blueprint Financial Advisors LLC grew its stake in Annaly Capital Management by 4.1% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 14,944 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 585 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Barclays set a $21.00 price target on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Thursday, October 22nd. JonesTrading lowered their price target on shares of Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. BTIG Research set a $21.00 price objective on shares of Annaly Capital Management and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, Piper Sandler dropped their price objective on shares of Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a research note on Friday, October 9th. One equities research 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Annaly Capital Management Stock Performance

NLY stock traded down $0.12 during trading on Friday, hitting $18.73. The stock had a trading volume of 11,982,841 shares, compared to its average volume of 11,858,245. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company’s 50 day moving average price is $19.86 and its two-hundred day moving average price is $21.83. Annaly Capital Management Inc has a 1-year low of $17.70 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 3.13 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 16.0%. Annaly Capital Management’s payout ratio is currently 209.79%.

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.