Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,872 shares of the real estate investment trust’s stock after selling 12,287 shares during the period. Private Advisor Group LLC’s holdings in Annaly Capital Management were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its stake in Annaly Capital Management by 8.3% in the 3rd quarter. Creative Planning now owns 56,506 shares of the real estate investment trust’s stock valued at $1,134,000 after purchasing an additional 4,335 shares during the last quarter. Forsta AP Fonden raised its position in shares of Annaly Capital Management by 14.0% in the third quarter. Forsta AP Fonden now owns 346,800 shares of the real estate investment trust’s stock valued at $6,960,000 after buying an additional 42,700 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Annaly Capital Management by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 58,209 shares of the real estate investment trust’s stock worth $1,168,000 after buying an additional 3,950 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Annaly Capital Management by 44.9% during the third quarter. J.W. Cole Advisors Inc. now owns 71,234 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 22,060 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Annaly Capital Management by 76.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,372 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 1,891 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Performance

Shares of NLY opened at $21.67 on Wednesday. The company’s 50-day simple moving average is $19.71 and its 200-day simple moving average is $19.82. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.88. The stock has a market capitalization of $12.53 billion, a PE ratio of 13.63, a P/E/G ratio of 4.89 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently 163.52%.

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.