IFM Investors Pty Ltd Boosts Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

IFM Investors Pty Ltd increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,148 shares of the real estate investment trust’s stock after acquiring an additional 14,996 shares during the quarter. IFM Investors Pty Ltd’s holdings in Annaly Capital Management were worth $2,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC increased its holdings in Annaly Capital Management by 21.4% in 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 acquiring an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC increased its holdings in Annaly Capital Management by 20.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 559 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 576 shares in 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 acquiring an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Annaly Capital Management by 3.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling 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 dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Annaly Capital Management Trading Down 1.1 %

Shares of NLY stock opened at $19.49 on Monday. The company’s 50-day moving average price is $20.09 and its 200-day moving average price is $19.75. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of -14.65 and a beta of 1.51. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 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 in the previous year, the firm posted $0.66 EPS. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.34%. Annaly Capital Management’s payout ratio is currently -195.49%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Compass Point lifted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

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.