Van ECK Associates Corp Purchases 308,618 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Van ECK Associates Corp increased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,912,803 shares of the real estate investment trust's stock after buying an additional 308,618 shares during the period. Van ECK Associates Corp owned 0.36% of Annaly Capital Management worth $37,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC boosted its stake in Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 500 shares during the last quarter. Redmont Wealth Advisors LLC boosted its stake in Annaly Capital Management by 20.6% during the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 559 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 576 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust's stock valued at $428,000 after purchasing an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Annaly Capital Management by 3.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust's stock valued at $391,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Thursday. Compass Point increased their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.33.

Annaly Capital Management Trading Up 0.4 %

Annaly Capital Management stock traded up $0.08 during trading on Monday, reaching $19.04. The company had a trading volume of 4,871,047 shares, compared to its average volume of 4,156,694. Annaly Capital Management, Inc. has a 52 week low of $16.76 and a 52 week high of $21.11. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of -272.00 and a beta of 1.52. The firm's 50-day simple moving average is $19.99 and its 200 day simple moving average is $19.79.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $212.00 million. During the same quarter in the previous year, the company posted $0.66 EPS. On average, analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.66%. Annaly Capital Management's payout ratio is presently -3,714.29%.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

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.