Simplify Asset Management Inc. Lowers Stock Position in Annaly Capital Management Inc $NLY

Simplify Asset Management Inc. cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,403 shares of the real estate investment trust’s stock after selling 30,252 shares during the quarter. Simplify Asset Management Inc.’s holdings in Annaly Capital Management were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after buying an additional 3,024,564 shares in the last quarter. State Street Corp grew its position in Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock worth $608,994,000 after acquiring an additional 2,053,451 shares in the last quarter. Geode Capital Management LLC grew its position in Annaly Capital Management by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock worth $411,031,000 after acquiring an additional 1,503,559 shares in the last quarter. Norges Bank purchased a new position in Annaly Capital Management in the fourth quarter worth $162,477,000. Finally, Morgan Stanley increased its stake in Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock valued at $156,013,000 after acquiring an additional 1,751,509 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. JonesTrading reissued a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, UBS Group restated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average price target of $24.44.

Annaly Capital Management Stock Down 0.1%

NYSE NLY opened at $22.55 on Friday. The company has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $22.46. Annaly Capital Management Inc has a 12-month low of $19.24 and a 12-month high of $24.52. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 6.85 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Equities analysts expect that Annaly Capital Management Inc will post 3 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This is an increase 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 yield of 13.3%. Annaly Capital Management’s payout ratio is presently 101.35%.

About Annaly Capital Management

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.