Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.5% in the 3rd quarter, Holdings Channel reports. The fund owned 12,132 shares of the real estate investment trust’s stock after selling 990 shares during the period. Integrated Wealth Concepts LLC’s holdings in Annaly Capital Management were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Investment Management Corp of Ontario grew its stake in Annaly Capital Management by 50.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 16,640 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 5,600 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Annaly Capital Management by 15.0% during the third quarter. HighTower Advisors LLC now owns 69,879 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 9,141 shares in the last quarter. Garden State Investment Advisory Services LLC increased its stake in shares of Annaly Capital Management by 6.9% in the third quarter. Garden State Investment Advisory Services LLC now owns 11,859 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 768 shares during the last quarter. Cinctive Capital Management LP raised its holdings in Annaly Capital Management by 359.2% in the third quarter. Cinctive Capital Management LP now owns 315,499 shares of the real estate investment trust’s stock valued at $6,332,000 after acquiring an additional 246,795 shares in the last quarter. Finally, ClearAlpha Technologies LP boosted its stake in Annaly Capital Management by 10.2% during the 3rd quarter. ClearAlpha Technologies LP now owns 67,197 shares of the real estate investment trust’s stock valued at $1,349,000 after acquiring an additional 6,218 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

NLY stock opened at $19.79 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of -282.64 and a beta of 1.51. The stock’s fifty day moving average is $19.65 and its two-hundred day moving average is $19.84.

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

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.14%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NLY. JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.