Advisors Asset Management Inc. Cuts Position in Annaly Capital Management, Inc. (NYSE:NLY)

Advisors Asset Management Inc. reduced its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 17.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,597 shares of the real estate investment trust’s stock after selling 97,508 shares during the quarter. Advisors Asset Management Inc. owned 0.08% of Annaly Capital Management worth $9,023,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Beaird Harris Wealth Management LLC boosted its position in Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 500 shares during the period. Redmont Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management by 20.6% during the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 559 shares in the last quarter. Toth Financial Advisory Corp boosted its position in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Annaly Capital Management by 2.8% in the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Annaly Capital Management by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 597 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 1.4 %

Shares of NLY stock opened at $19.48 on Thursday. 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 $19.84 and its 200-day simple moving average is $19.85.

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. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.35%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Compass Point raised their target price 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.33.

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.