Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 33.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 75,423 shares of the real estate investment trust’s stock after selling 38,556 shares during the quarter. Bank of Montreal Can’s holdings in Annaly Capital Management were worth $1,514,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC lifted its holdings in shares of Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 500 shares during the period. Redmont Wealth Advisors LLC raised its stake in Annaly Capital Management by 20.6% during the second 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 during the period. Sunbelt Securities Inc. raised its stake in Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 562 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Annaly Capital Management by 3.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 597 shares during the last quarter. Finally, Retirement Group LLC grew its stake in shares of Annaly Capital Management by 27.7% during the 1st quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 687 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on NLY. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Annaly Capital Management Stock Down 0.2 %

Shares of NYSE:NLY opened at $19.64 on Friday. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of -20.24 and a beta of 1.52. The company has a 50 day moving average of $20.12 and a two-hundred day moving average of $19.72. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same period last year, the business earned $0.72 EPS. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.24%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Annaly Capital Management Company 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.