Annaly Capital Management, Inc. (NYSE:NLY) Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 581,215 shares of the real estate investment trust’s stock after purchasing an additional 21,200 shares during the period. Renaissance Technologies LLC owned about 0.12% of Annaly Capital Management worth $11,078,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its holdings in shares of Annaly Capital Management by 43.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 49,174 shares of the real estate investment trust’s stock valued at $937,000 after acquiring an additional 14,957 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Annaly Capital Management by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 258,817 shares of the real estate investment trust’s stock worth $4,933,000 after purchasing an additional 18,599 shares in the last quarter. Vima LLC grew its stake in shares of Annaly Capital Management by 12.9% in the 2nd quarter. Vima LLC now owns 28,172 shares of the real estate investment trust’s stock valued at $537,000 after buying an additional 3,212 shares in the last quarter. Parallel Advisors LLC increased its holdings in Annaly Capital Management by 5.6% in the second quarter. Parallel Advisors LLC now owns 26,839 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 1,413 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its position in Annaly Capital Management by 59.4% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 139,974 shares of the real estate investment trust’s stock valued at $2,668,000 after acquiring an additional 52,158 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm’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 transaction, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Annaly Capital Management Stock Down 2.7 %

Shares of NYSE:NLY opened at $20.31 on Tuesday. The business has a 50 day moving average price of $20.13 and a 200 day moving average price of $19.70. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11. The company has a market cap of $10.16 billion, a price-to-earnings ratio of -20.94 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same quarter last year, the company earned $0.72 EPS. Analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.80%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

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.