Sequoia Financial Advisors LLC Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sequoia Financial Advisors LLC purchased a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 197,548 shares of the real estate investment trust’s stock, valued at approximately $3,965,000.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings 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 worth $196,000 after purchasing an additional 562 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Annaly Capital Management by 5.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust’s stock worth $674,000 after purchasing an additional 1,769 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $37,000. MCF Advisors LLC bought a new position in Annaly Capital Management during the 1st quarter valued at approximately $44,000. Finally, State of Michigan Retirement System increased its position in Annaly Capital Management by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 137,031 shares of the real estate investment trust’s stock valued at $2,698,000 after buying an additional 2,800 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated 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 transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NLY shares. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Compass Point increased their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.56 on Thursday. The stock has a fifty day moving average of $20.11 and a 200 day moving average of $19.74. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.11. The stock has a market cap of $9.79 billion, a PE ratio of -20.16 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.66 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.29%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

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.