Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 0.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,218,697 shares of the real estate investment trust’s stock after selling 4,847 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Annaly Capital Management were worth $64,599,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NLY. Price T Rowe Associates Inc. MD raised its position in Annaly Capital Management by 52.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 425,420 shares of the real estate investment trust’s stock worth $8,377,000 after acquiring an additional 145,887 shares during the period. California State Teachers Retirement System lifted its stake in Annaly Capital Management by 1.3% in the 1st quarter. California State Teachers Retirement System now owns 781,023 shares of the real estate investment trust’s stock valued at $15,378,000 after buying an additional 10,380 shares in the last quarter. Tidal Investments LLC boosted its holdings in Annaly Capital Management by 13.2% in the 1st quarter. Tidal Investments LLC now owns 19,072 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 2,229 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Annaly Capital Management in the 1st quarter worth about $150,000. Finally, Swedbank AB purchased a new stake in Annaly Capital Management during the 1st quarter worth approximately $12,781,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.82 on Friday. The company has a market capitalization of $11.11 billion, a P/E ratio of -283.14 and a beta of 1.52. The company has a 50 day simple moving average of $19.75 and a 200-day simple moving average of $19.86. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.12%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NLY shares. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price 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, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $21.33.

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.