Bayshore Asset Management LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Bayshore Asset Management LLC purchased a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,641 shares of the real estate investment trust's stock, valued at approximately $856,000.

Several other institutional investors and hedge funds have also made changes to their positions in NLY. UMB Bank n.a. boosted its holdings in 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 acquired a new stake in shares of Annaly Capital Management in the second quarter valued at about $36,000. Register Financial Advisors LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its holdings in Annaly Capital Management by 107.5% in the 1st 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 during the last quarter. Finally, MCF Advisors LLC acquired a new position in shares of Annaly Capital Management during the first quarter valued at approximately $44,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded down $0.21 on Tuesday, reaching $19.65. The company's stock had a trading volume of 4,540,013 shares, compared to its average volume of 4,030,651. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.11. The stock has a market capitalization of $9.83 billion, a P/E ratio of -20.26 and a beta of 1.51. The stock's 50-day moving average is $20.11 and its two-hundred day moving average is $19.74.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $318.00 million. During the same period last year, the business posted $0.72 EPS. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.23%. Annaly Capital Management's dividend payout ratio is currently -268.04%.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NLY shares. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Compass Point upped their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a report on Friday, July 26th. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.50.

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.