Mutual of America Capital Management LLC Cuts Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Mutual of America Capital Management LLC lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,776 shares of the real estate investment trust’s stock after selling 15,748 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Annaly Capital Management were worth $5,434,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after acquiring an additional 36,269 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $441,000. UniSuper Management Pty Ltd raised its holdings in shares of Annaly Capital Management by 118.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 3,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Annaly Capital Management during the 1st quarter worth about $1,674,000. Finally, InterOcean Capital Group LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth approximately $226,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on NLY shares. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.75 on Wednesday. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of -282.14 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $17.23 and a one year high of $21.11. The company’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $19.86.

Annaly Capital Management (NYSE:NLY) last issued its 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 firm had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.66 EPS. As a group, research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date 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.