Capital Investment Advisors LLC Has $1.63 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Capital Investment Advisors LLC decreased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 81,374 shares of the real estate investment trust’s stock after selling 1,222 shares during the period. Capital Investment Advisors LLC’s holdings in Annaly Capital Management were worth $1,633,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in Annaly Capital Management by 70.2% during the third 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 during the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the 2nd quarter worth $36,000. Register Financial Advisors LLC acquired a new position in Annaly Capital Management in the 1st quarter valued at $37,000. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 1,076 shares during the period. Finally, MCF Advisors LLC acquired a new position in Annaly Capital Management during the 1st quarter worth $44,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $20.28 on Friday. The firm has a market cap of $10.15 billion, a P/E ratio of -20.91 and a beta of 1.51. The firm’s 50-day simple moving average is $20.11 and its 200-day simple moving average is $19.73. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued 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 negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, equities analysts forecast that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 12.82%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Insider Buying and Selling

In other Annaly Capital Management 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 value of $1,002,500.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.