Bank of Montreal Can Sells 38,556 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Bank of Montreal Can lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 33.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,423 shares of the real estate investment trust's stock after selling 38,556 shares during the quarter. Bank of Montreal Can's holdings in Annaly Capital Management were worth $1,514,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Balyasny Asset Management L.P. increased its stake in shares of Annaly Capital Management by 159.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust's stock valued at $118,524,000 after purchasing an additional 3,762,652 shares during the period. Algebris UK Ltd grew its position in Annaly Capital Management by 195.9% during the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust's stock worth $87,532,000 after purchasing an additional 2,671,236 shares in the last quarter. Vanguard Group Inc. raised its position in Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust's stock valued at $954,941,000 after buying an additional 1,619,729 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Annaly Capital Management by 454.6% during the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust's stock worth $19,898,000 after purchasing an additional 828,325 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Annaly Capital Management by 171.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,033,609 shares of the real estate investment trust's stock worth $19,565,000 after acquiring an additional 652,540 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Insiders Place Their Bets

In related news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company's stock, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on NLY. StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Compass Point boosted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a research note on Friday, July 26th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $21.38.

Annaly Capital Management Price Performance

NLY stock traded down $0.04 during trading on Friday, reaching $19.63. 5,818,794 shares of the company were exchanged, compared to its average volume of 4,020,082. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of -20.24 and a beta of 1.51. The company has a 50-day moving average of $20.11 and a two-hundred day moving average of $19.72.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $318.00 million. During the same period in the prior year, the company posted $0.72 earnings per share. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.25%. Annaly Capital Management's dividend payout ratio is currently -268.04%.

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.