Aspire Private Capital LLC Acquires 2,110 Shares of Annaly Capital Management Inc (NYSE:NLY)

Aspire Private Capital LLC lifted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 11.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,612 shares of the real estate investment trust’s stock after acquiring an additional 2,110 shares during the quarter. Aspire Private Capital LLC’s holdings in Annaly Capital Management were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NLY. Price T Rowe Associates Inc. MD lifted its holdings in shares of Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust’s stock worth $630,007,000 after acquiring an additional 8,272,674 shares during the last quarter. Norges Bank bought a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $127,397,000. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock worth $1,001,407,000 after acquiring an additional 5,859,104 shares during the last quarter. Northern Trust Corp increased its stake in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust’s stock worth $138,853,000 after buying an additional 3,606,366 shares during the period. Finally, PL Capital Advisors LLC increased its stake in shares of Annaly Capital Management by 1,730.0% in the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust’s stock worth $51,105,000 after buying an additional 2,640,032 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler decreased their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Jones Trading reaffirmed a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Annaly Capital Management Trading Down 0.2%

Shares of Annaly Capital Management stock opened at $19.13 on Friday. The company’s fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $19.68. The company has a market cap of $11.43 billion, a P/E ratio of 21.50, a PEG ratio of 4.23 and a beta of 1.23. Annaly Capital Management Inc has a 12-month low of $16.60 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. Analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.63%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s dividend payout ratio is presently 314.61%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.