Cwm LLC Has $400,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Cwm LLC lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 156.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,909 shares of the real estate investment trust’s stock after purchasing an additional 12,154 shares during the period. Cwm LLC’s holdings in Annaly Capital Management were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in shares of Annaly Capital Management in the first quarter valued at $37,000. Quarry LP acquired a new position in Annaly Capital Management in the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC grew 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 valued at $39,000 after buying an additional 1,076 shares during the last quarter. MCF Advisors LLC bought a new position in Annaly Capital Management in the 1st quarter valued at about $44,000. Finally, Tobam acquired a new stake in Annaly Capital Management during the first quarter worth approximately $53,000. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Annaly Capital Management Trading Up 0.6 %

Shares of NLY stock opened at $20.28 on Monday. The firm has a fifty day simple moving average of $20.11 and a two-hundred day simple moving average of $19.73. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11. The firm has a market capitalization of $10.15 billion, a PE ratio of -20.91 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last posted 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 company had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.72 earnings per share. On average, equities analysts predict that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.82%. Annaly Capital Management’s payout ratio is -268.04%.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

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.