Annaly Capital Management, Inc. (NYSE:NLY) Stake Decreased by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lowered its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 50.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,415 shares of the real estate investment trust's stock after selling 34,523 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Annaly Capital Management were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UMB Bank n.a. raised 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 purchasing an additional 647 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $37,000. Quarry LP acquired a new position in Annaly Capital Management during the 2nd quarter worth approximately $36,000. 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 acquiring an additional 1,076 shares during the period. Finally, MCF Advisors LLC acquired a new stake in Annaly Capital Management in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded down $0.21 during trading on Friday, reaching $19.49. The stock had a trading volume of 5,521,665 shares, compared to its average volume of 4,057,654. The stock has a market cap of $10.49 billion, a PE ratio of -14.65 and a beta of 1.51. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.11. The firm's 50 day moving average price is $20.09 and its two-hundred day moving average price is $19.74.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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). Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the company posted $0.66 earnings per share. On average, research analysts expect that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid 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 yield of 13.34%. Annaly Capital Management's payout ratio is currently -195.49%.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm's stock in a transaction that occurred on 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 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NLY shares. Compass Point upped their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a research note on Friday, July 26th. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. StockNews.com downgraded Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Finally, JMP Securities restated 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.38.

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.