Mutual of America Capital Management LLC Sells 11,454 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Mutual of America Capital Management LLC cut its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,524 shares of the real estate investment trust’s stock after selling 11,454 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Annaly Capital Management were worth $5,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NLY. Beaird Harris Wealth Management LLC grew its stake in shares of Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 500 shares during the last quarter. Redmont Wealth Advisors LLC increased its holdings in Annaly Capital Management by 20.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 559 shares in the last quarter. Sunbelt Securities Inc. raised its position in Annaly Capital Management by 6.0% in the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 562 shares during the last quarter. Retirement Group LLC boosted its stake in shares of Annaly Capital Management by 27.7% during the first quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 687 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Annaly Capital Management by 6.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 704 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NLY shares. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $23.00 in a research report on Friday. Finally, Compass Point upped their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management Trading Up 0.4 %

Shares of Annaly Capital Management stock opened at $20.88 on Friday. The business has a 50-day moving average price of $20.12 and a two-hundred day moving average price of $19.67. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.11. The company has a market cap of $10.45 billion, a P/E ratio of -21.53 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.45%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

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.