Sanctuary Advisors LLC Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sanctuary Advisors LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,877 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis increased its stake in shares of Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 67,788 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after buying an additional 36,269 shares in the last quarter. CWM LLC increased its stake in shares of Annaly Capital Management by 138.8% in the first quarter. CWM LLC now owns 12,158 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 7,067 shares in the last quarter. PGGM Investments increased its stake in shares of Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after buying an additional 258,388 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at $478,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Annaly Capital Management Trading Up 0.6 %

Annaly Capital Management stock opened at $20.28 on Monday. The firm has a market capitalization of $10.15 billion, a P/E ratio of -20.91 and a beta of 1.51. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.11. The business has a 50-day moving average of $20.11 and a 200-day moving average of $19.73.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.72 EPS. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.66 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 12.82%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $21.50.

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.