Neo Ivy Capital Management Sells 181,866 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Neo Ivy Capital Management cut its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 93.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,974 shares of the real estate investment trust's stock after selling 181,866 shares during the period. Neo Ivy Capital Management's holdings in Annaly Capital Management were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NLY. 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. boosted its position in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 647 shares in the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the second quarter worth $36,000. Toth Financial Advisory Corp increased 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. Finally, Summit Securities Group LLC increased its holdings in shares of Annaly Capital Management by 204.9% during the second quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust's stock worth $82,000 after buying an additional 8,400 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NLY shares. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus raised 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 report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

Annaly Capital Management Trading Up 0.1 %

Shares of NLY traded up $0.02 during trading hours on Friday, reaching $19.79. 5,760,217 shares of the stock traded hands, compared to its average volume of 4,313,103. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The stock has a fifty day simple moving average of $19.65 and a 200 day simple moving average of $19.84. The company has a market cap of $11.09 billion, a price-to-earnings ratio of -282.64 and a beta of 1.51.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $0.66 EPS. Analysts predict 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. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's payout ratio is -3,714.29%.

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.