Centaurus Financial Inc. Sells 1,457 Shares of Annaly Capital Management, Inc. (NYSE:NLY) (2024)

Posted by Defense World Staff on Jun 20th, 2024

Centaurus Financial Inc. reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,198 shares of the real estate investment trust’s stock after selling 1,457 shares during the period. Centaurus Financial Inc.’s holdings in Annaly Capital Management were worth $101,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Virtu Financial LLC boosted its holdings in shares of Annaly Capital Management by 197.3% during the 4th quarter. Virtu Financial LLC now owns 74,291 shares of the real estate investment trust’s stock worth $1,439,000 after buying an additional 49,300 shares during the period. Neo Ivy Capital Management raised its stake in Annaly Capital Management by 24.4% during the 4th quarter. Neo Ivy Capital Management now owns 49,403 shares of the real estate investment trust’s stock valued at $957,000 after purchasing an additional 9,695 shares during the last quarter. Mendon Capital Advisors Corp acquired a new position in Annaly Capital Management during the 4th quarter valued at $3,874,000. Prospect Financial Services LLC acquired a new position in Annaly Capital Management during the 4th quarter valued at $227,000. Finally, HST Ventures LLC raised its stake in Annaly Capital Management by 29.5% during the 4th quarter. HST Ventures LLC now owns 638,776 shares of the real estate investment trust’s stock valued at $12,373,000 after purchasing an additional 145,384 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jonestrading reiterated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $21.07.

Check Out Our Latest Research Report on NLY

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.92 on Thursday. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of -20.54 and a beta of 1.53. The company has a 50-day moving average of $19.40 and a 200-day moving average of $19.34.

Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period last year, the firm posted $0.81 EPS. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.05%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

About Annaly Capital Management

(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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