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36,909 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Bought by Invst LLC

Annaly Capital Management logo with Finance background

Invst LLC acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,909 shares of the real estate investment trust's stock, valued at approximately $741,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 worth $31,000 after buying an additional 647 shares during the last quarter. Quarry LP acquired a new position in shares of Annaly Capital Management during the second quarter worth $36,000. Toth Financial Advisory Corp lifted its stake in shares of 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 valued at $48,000 after acquiring an additional 576 shares during the last quarter. Finally, Summit Securities Group LLC lifted its stake in shares of Annaly Capital Management by 204.9% in the 2nd quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 8,400 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded down $0.04 during midday trading on Wednesday, reaching $19.77. The stock had a trading volume of 4,796,743 shares, compared to its average volume of 4,304,819. The company's 50 day moving average price is $19.65 and its 200 day moving average price is $19.84. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of -283.07 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) 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 the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The firm 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 EPS. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.15%. Annaly Capital Management's dividend payout ratio is currently -3,714.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NLY. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. 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 research note on Friday, September 20th. Finally, Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.50.

Get Our Latest Research Report on NLY

About Annaly Capital Management

(Free Report)

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.

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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