M&T Bank Corp sells 3,707 shares of Annaly Capital Management, Inc. (NYSE: NLY)

August 15, 2022

Montana Lending

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M&T Bank Corp reduced its position in shares of Annaly Capital Management, Inc. (NYSE: NLYGet a rating) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 65,541 shares of the real estate investment trust after selling 3,707 shares during the quarter. M&T Bank Corp’s holdings in Annaly Capital Management were worth $461,000 at the end of the most recent period.

Several other institutional investors and hedge funds have also recently changed their positions in NLY. Riverview Trust Co acquired a new position in Annaly Capital Management in the first quarter worth approximately $25,000. Hardy Reed LLC purchased a new stock position from Annaly Capital Management during Q1 worth approximately $27,000. Byrne Asset Management LLC acquired a new position in shares of Annaly Capital Management in Q4 worth approximately $31,000. CWM LLC acquired a new stake in Annaly Capital Management during the 4th quarter for a value of approximately $31,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Annaly Capital Management during Q1 worth approximately $30,000. Institutional investors and hedge funds hold 41.79% of the company’s shares.

Annaly Capital Management Stock performance

NLY opened at $6.82 on Monday. The company’s 50-day simple moving average is $6.31 and its 200-day simple moving average is $6.71. Annaly Capital Management, Inc. has a 52-week low of $5.45 and a 52-week high of $8.94. The company has a market capitalization of $11.08 billion, a PE ratio of 2.71, a PEG ratio of 1.25 and a beta of 1.16.

Annaly Capital Management (NYSE: NLYGet a rating) last reported quarterly earnings data on Wednesday, July 27. The REIT reported earnings per share (EPS) of $0.30 for the quarter, beating analyst consensus estimates of $0.25 by $0.05. The company posted revenue of $475.14 million for the quarter, versus $399.39 million expected by analysts. Annaly Capital Management achieved a return on equity of 16.72% and a net margin of 178.91%. The company’s revenues were down 18.2% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.30. On average, research analysts expect Annaly Capital Management, Inc. to post 1.08 earnings per share for the current year.

Annaly Capital Management announces a dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Thursday, June 30 received a dividend of $0.22. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 12.90%. The payout ratio of Annaly Capital Management is 34.92%.

Insider activity at Annaly Capital Management

In other news from Annaly Capital Management, CEO David L. Finkelstein bought 200,000 shares in a trade on Friday, June 17. The shares were purchased at an average price of $5.56 per share, with a total value of $1,112,000.00. Following completion of the transaction, the CEO now directly owns 1,669,013 shares of the company, valued at $9,279,712.28. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. 0.31% of the shares are currently held by insiders of the company.

Analyst upgrades and downgrades

NLY has been the subject of several research analyst reports. Piper Sandler cut her price target on Annaly Capital Management shares from $6.50 to $6.00 and set a “neutral” rating for the company in a Tuesday, June 28 report. Credit Suisse Group lowered its price target on Annaly Capital Management to $6.50 in a Friday, July 22 report. JPMorgan Chase & Co. cut its price target on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating on the stock in a Monday, April 25 report. Barclays lowered its target price on Annaly Capital Management from $8.00 to $7.00 in a Wednesday April 27 research report. Finally, Keefe, Bruyette & Woods upgraded Annaly Capital Management from a “market performer” rating to an “outperformer” rating and raised their price target for the stock from $6.25 to $6.75. in a Wednesday, June 8 research report. Five research analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.67.

Annaly Capital Management Company Profile

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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage financing and middle market business lending. The Company invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgages, transfer securities credit risk, corporate debt and other commercial real estate investments.

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Institutional ownership by quarter for Annaly Capital Management (NYSE:NLY)

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