Edgestream Partners L.P. Decreases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Edgestream Partners L.P. lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 37.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,493 shares of the real estate investment trust's stock after selling 52,612 shares during the quarter. Edgestream Partners L.P.'s holdings in Annaly Capital Management were worth $1,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. UMB Bank n.a. grew its holdings 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 in the last quarter. Quarry LP bought a new position in shares of Annaly Capital Management during the second quarter worth about $36,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $39,000 after buying an additional 1,076 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its holdings 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 worth $48,000 after buying an additional 576 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.5 %

Annaly Capital Management stock traded down $0.10 during trading on Wednesday, hitting $19.64. The stock had a trading volume of 3,332,609 shares, compared to its average volume of 4,290,977. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The stock's 50 day moving average is $19.69 and its two-hundred day moving average is $19.84. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of -281.43 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, equities research 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.24%. Annaly Capital Management's payout ratio is -3,714.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NLY shares. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. 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 report on Friday, September 20th. Finally, 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.33.

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.