Annaly Capital Management, Inc. (NYSE:NLY) Position Decreased by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 15.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,640 shares of the real estate investment trust’s stock after selling 5,560 shares during the quarter. Wedbush Securities Inc.’s holdings in Annaly Capital Management were worth $565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after acquiring an additional 1,619,729 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Annaly Capital Management by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock valued at $343,578,000 after purchasing an additional 278,391 shares during the period. Balyasny Asset Management L.P. increased its stake in Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after purchasing an additional 3,762,652 shares in the last quarter. Norges Bank purchased a new position in Annaly Capital Management in the 4th quarter worth about $110,244,000. Finally, Bank of New York Mellon Corp lifted its stake in Annaly Capital Management by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after buying an additional 41,069 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NLY has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Compass Point boosted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott initiated coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.14.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

Annaly Capital Management Stock Performance

Shares of NLY opened at $20.32 on Friday. The firm has a market cap of $10.17 billion, a PE ratio of -20.95 and a beta of 1.52. The firm’s 50 day moving average price is $19.97 and its 200 day moving average price is $19.61. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07.

Annaly Capital Management (NYSE:NLY) last released 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 during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.72 EPS. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.80%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is -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.