Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Prudential PLC

Prudential PLC decreased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 47.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,179 shares of the real estate investment trust’s stock after selling 18,936 shares during the quarter. Prudential PLC’s holdings in Annaly Capital Management were worth $404,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NLY. Norges Bank purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at $110,244,000. Balyasny Asset Management L.P. increased its stake in Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after purchasing an additional 3,762,652 shares during the period. Algebris UK Ltd increased its stake in Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after purchasing an additional 2,671,236 shares during the period. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock worth $954,941,000 after purchasing an additional 1,619,729 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Annaly Capital Management by 298.1% in the fourth quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock valued at $24,345,000 after purchasing an additional 941,126 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NLY shares. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Compass Point increased their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Janney Montgomery Scott started coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $20.44 on Friday. The stock’s 50-day simple moving average is $20.00 and its 200-day simple moving average is $19.63. The firm has a market capitalization of $10.24 billion, a PE ratio of -21.07 and a beta of 1.52. 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 released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. During the same quarter last year, the company earned $0.72 earnings per share. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.72%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

About Annaly Capital Management

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.