Fiduciary Family Office LLC Purchases 7,969 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Fiduciary Family Office LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,125 shares of the real estate investment trust’s stock after purchasing an additional 7,969 shares during the period. Fiduciary Family Office LLC’s holdings in Annaly Capital Management were worth $1,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Annaly Capital Management by 5.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust’s stock valued at $674,000 after buying an additional 1,769 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Annaly Capital Management by 27.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 23,012 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 4,959 shares during the last quarter. Norden Group LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter valued at about $213,000. Private Advisor Group LLC lifted its stake in Annaly Capital Management by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 112,669 shares of the real estate investment trust’s stock valued at $2,218,000 after purchasing an additional 14,968 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Annaly Capital Management by 10.6% during the first 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. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.2 %

Annaly Capital Management stock traded up $0.03 during mid-day trading on Tuesday, reaching $19.07. 594,386 shares of the company’s stock were exchanged, compared to its average volume of 4,140,047. The firm has a market capitalization of $10.69 billion, a PE ratio of -272.14 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $16.76 and a one year high of $21.11. The business’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $19.80.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data 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). 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 the consensus estimate of $212.00 million. During the same period last year, the business posted $0.66 earnings per share. On average, sell-side 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 annualized dividend and a yield of 13.63%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company upgraded 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 report on Friday, September 20th. Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. 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 research report on Thursday, October 31st. Finally, StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Insider Buying and Selling at Annaly Capital Management

In related 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 completion of the transaction, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

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.