Allworth Financial LP Sells 9,693 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Allworth Financial LP reduced its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 79.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,481 shares of the real estate investment trust’s stock after selling 9,693 shares during the quarter. Allworth Financial LP’s holdings in Annaly Capital Management were worth $50,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Natixis increased its holdings in Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 67,788 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after purchasing an additional 36,269 shares in the last quarter. PGGM Investments increased its holdings in Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock worth $8,165,000 after purchasing an additional 258,388 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Annaly Capital Management in the second quarter worth approximately $478,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Annaly Capital Management by 60.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 36,266 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was 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 approximately $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Down 0.2 %

Shares of NYSE:NLY opened at $18.97 on Friday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of -270.93 and a beta of 1.51. Annaly Capital Management, Inc. has a 12-month low of $16.56 and a 12-month high of $21.11. The business’s 50 day moving average is $19.99 and its 200 day moving average is $19.76.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data 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). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.71%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NLY. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Finally, Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

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.