Annaly Capital Management, Inc. (NYSE:NLY) Stock Position Raised by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 70.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,568 shares of the real estate investment trust’s stock after purchasing an additional 647 shares during the period. UMB Bank n.a.’s holdings in Annaly Capital Management were worth $31,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter valued at about $29,000. Quarry LP acquired a new position in Annaly Capital Management during the second quarter valued at approximately $36,000. Register Financial Advisors LLC bought a new position in shares of Annaly Capital Management in the first quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,076 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter worth $44,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted 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. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point raised their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.96 on Wednesday. The company has a 50-day moving average of $20.10 and a 200-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. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of -20.58 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. During the same quarter last year, the company earned $0.72 earnings per share. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.66 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.03%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s payout ratio 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.