Advisors Asset Management Inc. Reduces Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Advisors Asset Management Inc. lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,597 shares of the real estate investment trust's stock after selling 97,508 shares during the quarter. Advisors Asset Management Inc. owned 0.08% of Annaly Capital Management worth $9,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NLY. Avior Wealth Management LLC grew its position in 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 during the period. UMB Bank n.a. raised its stake 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 acquiring an additional 647 shares during the period. Quarry LP bought a new stake in shares of Annaly Capital Management during the second quarter valued at about $36,000. EverSource Wealth Advisors LLC increased its position in shares of Annaly Capital Management by 107.5% during the first 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 period. Finally, Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 576 shares during the period. Institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on NLY. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com downgraded Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Finally, Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $21.33.

Annaly Capital Management Stock Up 1.1 %

NYSE:NLY traded up $0.22 on Thursday, hitting $19.69. The stock had a trading volume of 690,704 shares, compared to its average volume of 4,215,971. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of -278.57 and a beta of 1.52. The business's 50-day simple moving average is $19.84 and its two-hundred day simple moving average is $19.85. Annaly Capital Management, Inc. has a 52-week low of $17.23 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $212.00 million. During the same period last year, the business earned $0.66 EPS. As a group, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.20%. The ex-dividend date was Monday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

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.