Raymond James & Associates Sells 2,863 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Raymond James & Associates trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249,993 shares of the real estate investment trust’s stock after selling 2,863 shares during the period. Raymond James & Associates’ holdings in Annaly Capital Management were worth $5,017,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 647 shares in the last quarter. Quarry LP bought a new stake in Annaly Capital Management during the second quarter worth about $36,000. EverSource Wealth Advisors LLC raised its holdings in Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,076 shares in the last quarter. Tobam bought a new stake in Annaly Capital Management during the first quarter worth about $53,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 500 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NLY has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Compass Point boosted their price target 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. Finally, StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management Trading Down 0.2 %

Annaly Capital Management stock opened at $18.97 on Friday. Annaly Capital Management, Inc. has a 12 month low of $16.56 and a 12 month high of $21.11. The stock’s 50 day moving average is $19.99 and its 200-day moving average is $19.76. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of -270.93 and a beta of 1.51.

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

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.71%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

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.