Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by American International Group Inc.

American International Group Inc. lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 675,455 shares of the real estate investment trust’s stock after selling 20,409 shares during the period. American International Group Inc. owned approximately 0.14% of Annaly Capital Management worth $13,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC grew its stake in shares of Annaly Capital Management by 197.3% in the fourth quarter. Virtu Financial LLC now owns 74,291 shares of the real estate investment trust’s stock valued at $1,439,000 after buying an additional 49,300 shares in the last quarter. Neo Ivy Capital Management increased its stake in Annaly Capital Management by 24.4% during the fourth quarter. Neo Ivy Capital Management now owns 49,403 shares of the real estate investment trust’s stock worth $957,000 after purchasing an additional 9,695 shares during the period. Mendon Capital Advisors Corp acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth about $3,874,000. Prospect Financial Services LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $227,000. Finally, HST Ventures LLC boosted its stake in shares of Annaly Capital Management by 29.5% in the fourth 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 period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NLY shares. StockNews.com upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Compass Point initiated coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Finally, Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.07.

Annaly Capital Management Stock Up 0.3 %

NLY stock opened at $20.22 on Monday. The business has a 50 day moving average price of $19.34 and a 200 day moving average price of $19.30. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of -20.85 and a beta of 1.53. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 dividend yield of 12.86%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s payout ratio is -268.04%.

Annaly Capital Management Company 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.