ProShare Advisors LLC Trims Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

ProShare Advisors LLC reduced its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,601 shares of the real estate investment trust’s stock after selling 796 shares during the quarter. ProShare Advisors LLC’s holdings in Annaly Capital Management were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after acquiring an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Annaly Capital Management by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock worth $343,578,000 after purchasing an additional 278,391 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after acquiring an additional 3,762,652 shares during the period. Bank of New York Mellon Corp grew its holdings in Annaly Capital Management by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after purchasing an additional 41,069 shares during the last quarter. Finally, Algebris UK Ltd raised its holdings in shares of Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after acquiring an additional 2,671,236 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NLY. Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Janney Montgomery Scott began coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $21.38.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $19.65 on Wednesday. The firm has a market capitalization of $9.83 billion, a P/E ratio of -20.25 and a beta of 1.52. The stock has a fifty day moving average price of $20.12 and a two-hundred day moving average price 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 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 company 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 quarter in the previous year, the company posted $0.72 earnings per share. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm 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 $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.23%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -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.