Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC cut its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 12.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,065 shares of the real estate investment trust’s stock after selling 4,301 shares during the period. Cedar Wealth Management LLC’s holdings in Annaly Capital Management were worth $583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after buying an additional 1,342,056 shares during the period. Bank of New York Mellon Corp lifted its stake in Annaly Capital Management by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after acquiring an additional 41,069 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after acquiring an additional 138,320 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Annaly Capital Management by 19.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock valued at $37,395,000 after purchasing an additional 308,618 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Annaly Capital Management by 454.6% in the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock valued at $19,898,000 after purchasing an additional 828,325 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Finally, StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Trading Up 0.2 %

Shares of NYSE NLY opened at $19.75 on Wednesday. The stock has a 50 day moving average of $19.85 and a two-hundred day moving average of $19.86. The stock has a market cap of $11.07 billion, a P/E ratio of -282.14 and a beta of 1.52. Annaly Capital Management, Inc. has a twelve month low of $17.23 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted 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 net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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 13.16%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

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.