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

Clarity Financial LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 333,171 shares of the real estate investment trust's stock, valued at approximately $6,687,000. Clarity Financial LLC owned about 0.06% of Annaly Capital Management at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Annaly Capital Management by 5.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust's stock worth $674,000 after buying an additional 1,769 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Annaly Capital Management by 27.5% in the first quarter. First Trust Direct Indexing L.P. now owns 23,012 shares of the real estate investment trust's stock valued at $453,000 after acquiring an additional 4,959 shares in the last quarter. Norden Group LLC purchased a new position in Annaly Capital Management in the first quarter valued at $213,000. Private Advisor Group LLC grew its stake in Annaly Capital Management by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 112,669 shares of the real estate investment trust's stock worth $2,218,000 after purchasing an additional 14,968 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Annaly Capital Management by 10.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 125,670 shares of the real estate investment trust's stock worth $2,474,000 after purchasing an additional 11,993 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly 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 the SEC website. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company 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. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Compass Point lifted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Annaly Capital Management Trading Up 1.2 %

Shares of NLY traded up $0.23 during mid-day trading on Tuesday, hitting $19.27. 2,936,649 shares of the company's stock were exchanged, compared to its average volume of 4,150,992. Annaly Capital Management, Inc. has a fifty-two week low of $16.76 and a fifty-two week high of $21.11. The business's 50 day moving average is $19.97 and its two-hundred day moving average is $19.80. The firm has a market capitalization of $10.80 billion, a P/E ratio of -272.71 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.49%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management's dividend payout ratio is presently -3,714.29%.

About Annaly Capital Management

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.