Annaly Capital Management, Inc. (NYSE:NLY) Stock Position Cut by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 2.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 65,637 shares of the real estate investment trust’s stock after selling 1,511 shares during the quarter. Public Sector Pension Investment Board’s holdings in Annaly Capital Management were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Vanguard Group Inc. boosted its position in shares of Annaly Capital Management by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after purchasing an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 valued at $343,578,000 after purchasing an additional 278,391 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Annaly Capital Management by 159.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after purchasing an additional 3,762,652 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Annaly Capital Management by 1.0% during the 2nd 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 in the last quarter. Finally, Algebris UK Ltd boosted its position in shares of Annaly Capital Management by 195.9% during the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after purchasing an additional 2,671,236 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the 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 transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. 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 price objective for the company. 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, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management Price Performance

NYSE NLY opened at $19.65 on Wednesday. The company has a 50 day simple moving average of $20.12 and a 200-day simple moving average of $19.72. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -20.25 and a beta of 1.52. 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 posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -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.