abrdn plc Reduces Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

abrdn plc cut its position in Annaly Capital Management, Inc. (NYSE:NLY) by 64.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 168,895 shares of the real estate investment trust’s stock after selling 306,696 shares during the quarter. abrdn plc’s holdings in Annaly Capital Management were worth $3,390,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares during the last quarter. Quarry LP purchased a new position in Annaly Capital Management in the second quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its stake in Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,076 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the last quarter. Finally, Tobam acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at approximately $53,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday. 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 report on Friday, July 26th. Finally, StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.33.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, August 16th. The shares were 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 of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.96 on Monday. Annaly Capital Management, Inc. has a 12-month low of $16.56 and a 12-month high of $21.11. The stock has a market capitalization of $10.20 billion, a PE ratio of -270.86 and a beta of 1.52. The firm has a 50 day simple moving average of $19.99 and a 200-day simple moving average of $19.77.

Annaly Capital Management (NYSE:NLY) last issued its quarterly 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 the consensus estimate of $212.00 million. During the same period in the previous year, the business posted $0.66 earnings per share. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued 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 was Monday, September 30th. Annaly Capital Management’s payout ratio is currently -3,714.29%.

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.