GSA Capital Partners LLP Cuts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

GSA Capital Partners LLP lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 46.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,595 shares of the real estate investment trust’s stock after selling 31,237 shares during the quarter. GSA Capital Partners LLP’s holdings in Annaly Capital Management were worth $734,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its holdings in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares in the last quarter. Quarry LP acquired a new stake in shares of Annaly Capital Management in the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its position in shares of Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,076 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $19.69 on Monday. The firm’s fifty day moving average is $19.87 and its two-hundred day moving average is $19.85. Annaly Capital Management, Inc. has a one year low of $17.23 and a one year high of $21.11. The firm has a market cap of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the firm earned $0.66 EPS. Research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.20%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Analysts Set New Price Targets

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

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.