Mutual of America Capital Management LLC Sells 11,454 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Mutual of America Capital Management LLC cut its position in Annaly Capital Management, Inc. (NYSE:NLY) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,524 shares of the real estate investment trust’s stock after selling 11,454 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Annaly Capital Management worth $5,461,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Annaly Capital Management in the 4th quarter valued at about $110,244,000. Balyasny Asset Management L.P. grew its holdings in Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after purchasing an additional 3,762,652 shares during the period. Algebris UK Ltd grew its holdings in Annaly Capital Management by 195.9% during the first 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. raised its stake 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 buying an additional 1,619,729 shares during the period. Finally, KBC Group NV lifted its position in shares of Annaly Capital Management by 298.1% in the fourth quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock valued at $24,345,000 after buying an additional 941,126 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.4 %

Shares of NLY stock opened at $20.88 on Friday. The stock has a market cap of $10.45 billion, a P/E ratio of -21.53 and a beta of 1.52. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.11. The stock has a 50 day simple moving average of $20.12 and a 200 day simple moving average of $19.67.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.72 EPS. Analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS 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 issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Insider Buying and Selling

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 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 directly owns 612,469 shares in the company, valued at $12,280,003.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $23.00 in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Compass Point upped their target price 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management 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.