International Assets Investment Management LLC Lowers Position in Annaly Capital Management, Inc. (NYSE:NLY)

International Assets Investment Management LLC trimmed its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 95.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,497 shares of the real estate investment trust’s stock after selling 427,209 shares during the quarter. International Assets Investment Management LLC’s holdings in Annaly Capital Management were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. lifted 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 worth $31,000 after buying an additional 647 shares in the last quarter. Quarry LP purchased a new position in shares of Annaly Capital Management in the 2nd quarter worth approximately $36,000. Toth Financial Advisory Corp boosted its stake in shares of 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 buying an additional 576 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in shares of Annaly Capital Management in the third quarter valued at approximately $63,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 2.1 %

NLY opened at $18.13 on Friday. The firm has a 50-day moving average price of $19.33 and a 200-day moving average price of $19.70. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of -259.00 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share 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 posted $0.66 earnings per share. On average, sell-side analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued 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 yield of 14.34%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Analysts Set New Price Targets

NLY has been the topic of several research analyst reports. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, October 31st. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price 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.