Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 17.8% in the third quarter, HoldingsChannel reports. The firm owned 449,597 shares of the real estate investment trust’s stock after selling 97,508 shares during the quarter. Advisors Asset Management Inc.’s holdings in Annaly Capital Management were worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in NLY. Avior Wealth Management LLC boosted its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares during the period. UMB Bank n.a. lifted its position in Annaly Capital Management by 70.2% in 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 during the last quarter. Quarry LP acquired a new position in Annaly Capital Management during the 2nd quarter valued at about $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 during the period. Finally, Toth Financial Advisory Corp grew its position in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NLY. Compass Point lifted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Trading Down 1.4 %

NYSE NLY opened at $19.48 on Thursday. Annaly Capital Management, Inc. has a 12 month low of $17.23 and a 12 month high of $21.11. The company’s 50 day simple moving average is $19.84 and its 200 day simple moving average is $19.85.

Annaly Capital Management (NYSE:NLY) last issued 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). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.35%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

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.