Annaly Capital Management, Inc. (NYSE:NLY) Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,159 shares of the real estate investment trust’s stock after buying an additional 3,864 shares during the quarter. Private Advisor Group LLC’s holdings in Annaly Capital Management were worth $2,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NLY. UMB Bank n.a. boosted its stake in Annaly Capital Management by 70.2% during 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 in the last quarter. Quarry LP bought a new position in Annaly Capital Management during the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its stake in Annaly Capital Management by 107.5% during 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 purchasing an additional 1,076 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in 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 in the last quarter. Finally, Tobam bought a new position in Annaly Capital Management during the 1st quarter valued at $53,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Down 0.1 %

NLY opened at $19.17 on Wednesday. The stock has a fifty day moving average of $20.04 and a 200-day moving average of $19.76. The firm has a market capitalization of $10.32 billion, a P/E ratio of -273.86 and a beta of 1.51. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its 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 business 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 previous year, the company earned $0.66 EPS. On average, analysts expect that Annaly Capital Management, Inc. will post 2.67 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 issued 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 13.56%. Annaly Capital Management’s dividend payout ratio is -3,714.29%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 612,469 shares in the company, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NLY has been the subject of a number of research reports. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Compass Point raised their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note 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 an average rating of “Moderate Buy” and a consensus price target of $21.38.

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.