Dynamic Advisor Solutions LLC Sells 906 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Dynamic Advisor Solutions LLC cut its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,962 shares of the real estate investment trust’s stock after selling 906 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Annaly Capital Management were worth $237,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Avior Wealth Management LLC increased its holdings in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares during the period. UMB Bank n.a. boosted its position in shares of Annaly Capital Management by 70.2% during the 3rd 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 bought a new stake in Annaly Capital Management in the second quarter valued at about $36,000. Toth Financial Advisory Corp raised its position in 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 purchasing an additional 576 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in Annaly Capital Management by 68.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,200 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.3 %

Annaly Capital Management stock opened at $19.91 on Wednesday. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11. The stock has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $19.70. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of -284.40 and a beta of 1.51.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.06%. Annaly Capital Management’s payout ratio is -3,714.29%.

Analyst Ratings Changes

Several research firms have recently weighed in on NLY. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. Royal Bank of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight 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 price target of $21.22.

About Annaly Capital Management

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.