56,070 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Acquired by Garner Asset Management Corp

Garner Asset Management Corp acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,070 shares of the real estate investment trust's stock, valued at approximately $1,125,000.

Several other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in Annaly Capital Management by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust's stock valued at $361,061,000 after buying an additional 1,342,056 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Annaly Capital Management by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust's stock valued at $77,996,000 after purchasing an additional 41,069 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Annaly Capital Management by 7.4% during the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock worth $40,200,000 after acquiring an additional 138,320 shares during the period. Van ECK Associates Corp raised its position in Annaly Capital Management by 19.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust's stock valued at $37,395,000 after purchasing an additional 308,618 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Annaly Capital Management by 454.6% in the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust's stock valued at $19,898,000 after purchasing an additional 828,325 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.03 during midday trading on Friday, reaching $19.81. The company had a trading volume of 5,763,472 shares, compared to its average volume of 6,111,270. Annaly Capital Management, Inc. has a one year low of $17.23 and a one year high of $21.11. The stock's fifty day moving average price is $19.81 and its 200-day moving average price is $19.86. The stock has a market capitalization of $11.10 billion, a P/E ratio of -283.00 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. 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 13.12%. Annaly Capital Management's payout ratio is -3,714.29%.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent research reports. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus price target of $21.33.

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.