Tidal Investments LLC Cuts Stake in Annaly Capital Management Inc $NLY

Tidal Investments LLC lowered its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 38.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,939 shares of the real estate investment trust’s stock after selling 40,052 shares during the period. Tidal Investments LLC’s holdings in Annaly Capital Management were worth $1,430,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in NLY. BlackRock Inc. lifted its stake in Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after purchasing an additional 5,485,296 shares during the last quarter. Geode Capital Management LLC boosted its position in Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after buying an additional 1,503,559 shares during the period. Norges Bank bought a new position in shares of Annaly Capital Management during the fourth quarter valued at about $162,477,000. Bank of New York Mellon Corp grew its stake in shares of Annaly Capital Management by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,714,355 shares of the real estate investment trust’s stock valued at $105,413,000 after buying an additional 265,437 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock worth $105,243,000 after buying an additional 1,525,251 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 1.1%

NYSE:NLY opened at $21.07 on Friday. The firm’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $22.31. The stock has a market cap of $15.88 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. On average, analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 75.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Piper Sandler lifted their price target on Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 3rd. One 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.33.

About Annaly Capital Management

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.