Inceptionr LLC Sells 28,808 Shares of Annaly Capital Management Inc $NLY

by · The Cerbat Gem

Inceptionr LLC trimmed its holdings in Annaly Capital Management Inc (NYSE:NLY – Free Report) by 55.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,897 shares of the real estate investment trust’s stock after selling 28,808 shares during the quarter. Inceptionr LLC’s holdings in Annaly Capital Management were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NLY. Guidance Point Advisors LLC boosted its holdings in shares of Annaly Capital Management by 3.1% during the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 519 shares in the last quarter. Quadcap Wealth Management LLC grew its holdings in Annaly Capital Management by 2.9% in the second quarter. Quadcap Wealth Management LLC now owns 20,367 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 572 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Annaly Capital Management by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust’s stock valued at $1,350,000 after purchasing an additional 611 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Annaly Capital Management by 5.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 688 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Annaly Capital Management by 3.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 779 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 0.8%

Shares of NYSE:NLY opened at $22.85 on Friday. The business’s 50 day moving average is $21.26 and its 200 day moving average is $20.53. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.85. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 6.47 and a beta of 1.27. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Annaly Capital Management (NYSE:NLY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $493.55 million. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 129.63%.

Analysts Set New Price Targets

A number of analysts recently commented on NLY shares. Jones Trading reaffirmed a “buy” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Barclays set a $20.00 target price on Annaly Capital Management and gave the stock a “cautious” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Annaly Capital Management has an average rating of “Hold” and a consensus price target of $21.71.

Get Our Latest Stock Analysis on NLY

Annaly Capital Management Company Profile

(Free Report)

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.

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