Toronto Dominion Bank Cuts Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Toronto Dominion Bank lessened its position in Annaly Capital Management, Inc. (NYSE:NLY) by 15.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,089 shares of the real estate investment trust’s stock after selling 8,785 shares during the quarter. Toronto Dominion Bank’s holdings in Annaly Capital Management were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Balyasny Asset Management L.P. raised its holdings in shares of Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after buying an additional 3,762,652 shares during the period. Algebris UK Ltd increased its holdings in Annaly Capital Management by 195.9% during the 1st 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. increased its holdings in Annaly Capital Management by 3.4% during the 4th 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 during the period. KBC Group NV increased its holdings in Annaly Capital Management by 298.1% during the 4th quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock worth $24,345,000 after purchasing an additional 941,126 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Annaly Capital Management by 454.6% during the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after purchasing an additional 828,325 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management Price Performance

NLY opened at $20.07 on Tuesday. The business has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $19.72. The stock has a market capitalization of $10.04 billion, a P/E ratio of -20.69 and a beta of 1.52. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period last year, the firm earned $0.72 EPS. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.95%. Annaly Capital Management’s dividend payout ratio is currently -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.