Global Retirement Partners LLC Sells 39,753 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Global Retirement Partners LLC cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 72.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,963 shares of the real estate investment trust’s stock after selling 39,753 shares during the quarter. Global Retirement Partners LLC’s holdings in Annaly Capital Management were worth $274,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Plan Group Financial LLC grew its holdings in Annaly Capital Management by 9.5% in the fourth quarter. Plan Group Financial LLC now owns 42,388 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 3,678 shares during the period. New York State Common Retirement Fund boosted its position in shares of Annaly Capital Management by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 341,784 shares of the real estate investment trust’s stock worth $6,255,000 after purchasing an additional 10,000 shares in the last quarter. Angel Oak Capital Advisors LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $1,827,000. Atria Wealth Solutions Inc. increased its position in Annaly Capital Management by 2.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 130,229 shares of the real estate investment trust’s stock valued at $2,402,000 after buying an additional 2,942 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Annaly Capital Management by 17.2% during the fourth quarter. CIBC Asset Management Inc now owns 20,654 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 3,027 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NLY shares. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Down 0.3 %

NLY opened at $21.58 on Tuesday. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 4.89 and a beta of 1.52. The firm has a 50 day moving average price of $19.67 and a 200-day moving average price of $19.81. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.88.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is 163.52%.

Annaly Capital Management Profile

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.