Creative Planning Has $1.13 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Creative Planning boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,506 shares of the real estate investment trust’s stock after buying an additional 4,335 shares during the quarter. Creative Planning’s holdings in Annaly Capital Management were worth $1,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of 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 worth $77,996,000 after acquiring an additional 41,069 shares during the period. Algebris UK Ltd boosted its stake in shares of Annaly Capital Management by 195.9% in the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after purchasing an additional 2,671,236 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Annaly Capital Management by 2.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust’s stock valued at $35,540,000 after purchasing an additional 47,116 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Annaly Capital Management by 171.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,033,609 shares of the real estate investment trust’s stock worth $19,565,000 after buying an additional 652,540 shares during the period. Finally, Cetera Investment Advisers raised its stake in Annaly Capital Management by 454.6% during the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after buying an additional 828,325 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’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 transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Annaly Capital Management Stock Down 1.7 %

NYSE NLY opened at $19.01 on Friday. Annaly Capital Management, Inc. has a 52 week low of $15.25 and a 52 week high of $21.11. The business has a 50 day moving average price of $20.03 and a 200-day moving average price of $19.76. The company has a market cap of $10.23 billion, a price-to-earnings ratio of -271.57 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.68%. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NLY shares. 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 research report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point raised their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

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.