Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,197 shares of the real estate investment trust’s stock after purchasing an additional 4,586 shares during the period. Janney Montgomery Scott LLC’s holdings in Annaly Capital Management were worth $2,713,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Quarry LP acquired a new stake in shares of Annaly Capital Management during the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC raised its position in shares of Annaly Capital Management by 107.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in Annaly Capital Management by 21.4% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 500 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

Annaly Capital Management Price Performance

NLY stock opened at $19.84 on Tuesday. Annaly Capital Management, Inc. has a 12 month low of $16.76 and a 12 month high of $21.11. The company has a fifty day moving average price of $19.91 and a 200 day moving average price of $19.83. The company has a market cap of $11.12 billion, a price-to-earnings ratio of -283.36 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.11%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

NLY has been the subject of several analyst reports. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point increased their price objective 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. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.33.

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.