Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,637 shares of the real estate investment trust’s stock after selling 1,511 shares during the period. Public Sector Pension Investment Board’s holdings in Annaly Capital Management were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after acquiring an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Annaly Capital Management by 1.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock valued at $343,578,000 after acquiring an additional 278,391 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Annaly Capital Management by 159.7% in the fourth 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 acquiring an additional 3,762,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Annaly Capital Management by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after acquiring an additional 41,069 shares in the last quarter. Finally, Algebris UK Ltd raised its holdings in Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after acquiring an additional 2,671,236 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on NLY. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target on the stock. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Compass Point increased their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.65 on Wednesday. The company has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $19.72. The firm has a market capitalization of $9.83 billion, a P/E ratio of -20.25 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.23%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

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.