SeaCrest Wealth Management LLC Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

SeaCrest Wealth Management LLC lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 52,809 shares of the real estate investment trust’s stock after purchasing an additional 4,009 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Annaly Capital Management were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NLY. Swedbank AB grew its stake in Annaly Capital Management by 0.9% during the 3rd quarter. Swedbank AB now owns 650,059 shares of the real estate investment trust’s stock valued at $13,047,000 after purchasing an additional 6,007 shares during the last quarter. Creative Planning boosted its position in Annaly Capital Management by 8.3% in the third quarter. Creative Planning now owns 56,506 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 4,335 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Annaly Capital Management by 2.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 584 shares during the period. ORG Wealth Partners LLC purchased a new position in Annaly Capital Management during the 3rd quarter worth approximately $303,000. Finally, Gilman Hill Asset Management LLC acquired a new stake in Annaly Capital Management during the 3rd quarter valued at approximately $201,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the subject of several recent research reports. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $20.17 on Thursday. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.11. The company has a market cap of $10.09 billion, a price-to-earnings ratio of -20.79 and a beta of 1.51. The stock has a 50 day simple moving average of $20.10 and a 200-day simple moving average of $19.72.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period last year, the firm posted $0.72 earnings per share. Analysts anticipate that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.89%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

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.