MBB Public Markets I LLC Acquires 17,602 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

MBB Public Markets I LLC increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 151.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,260 shares of the real estate investment trust’s stock after buying an additional 17,602 shares during the period. MBB Public Markets I LLC’s holdings in Annaly Capital Management were worth $558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Core Wealth Advisors Inc. boosted its holdings in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,000 shares during the period. Rise Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $29,000. Register Financial Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in 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 worth $39,000 after purchasing an additional 1,076 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $44,000. 51.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Trading Down 2.1 %

Shares of NYSE:NLY opened at $19.65 on Wednesday. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11. The firm’s 50-day moving average is $20.12 and its 200 day moving average is $19.72. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of -20.25 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $318.00 million. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NLY. Compass Point increased their target price on shares of 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. raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average price target of $21.38.

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.