Sequoia Financial Advisors LLC Takes $3.97 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sequoia Financial Advisors LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 197,548 shares of the real estate investment trust's stock, valued at approximately $3,965,000.

Several other hedge funds have also recently bought and sold shares of NLY. Algebris UK Ltd boosted its position in shares of Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust's stock valued at $87,532,000 after acquiring an additional 2,671,236 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust's stock worth $361,061,000 after purchasing an additional 1,342,056 shares during the period. Cetera Investment Advisers raised its position in shares of Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust's stock valued at $19,898,000 after buying an additional 828,325 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 valued at $19,565,000 after buying an additional 652,540 shares during the period. Finally, Swedbank AB bought a new position in Annaly Capital Management during the 1st quarter worth $12,781,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.8 %

Shares of NLY stock traded up $0.15 during mid-day trading on Thursday, reaching $19.70. 6,299,334 shares of the stock traded hands, compared to its average volume of 4,050,573. The stock's fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $19.74. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.11. The company has a market cap of $9.86 billion, a price-to-earnings ratio of -20.16 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.66 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.20%. Annaly Capital Management's dividend payout ratio (DPR) is presently -268.04%.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

NLY has been the topic of several analyst reports. Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a report on Friday, July 26th. 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. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.