Wealth Enhancement Advisory Services LLC Sells 6,031 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Wealth Enhancement Advisory Services LLC lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 12.8% during the 3rd quarter, Holdings Channel reports. The firm owned 41,260 shares of the real estate investment trust’s stock after selling 6,031 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Annaly Capital Management were worth $828,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. PFG Investments LLC boosted its stake in Annaly Capital Management by 3.0% in the third quarter. PFG Investments LLC now owns 107,059 shares of the real estate investment trust’s stock valued at $2,149,000 after acquiring an additional 3,130 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Annaly Capital Management by 14.0% in the 3rd quarter. Forsta AP Fonden now owns 346,800 shares of the real estate investment trust’s stock worth $6,960,000 after purchasing an additional 42,700 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Annaly Capital Management by 12.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 132,148 shares of the real estate investment trust’s stock worth $2,652,000 after purchasing an additional 14,996 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Annaly Capital Management by 2,254.2% in the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after purchasing an additional 430,604 shares during the last quarter. Finally, Plan Group Financial LLC increased its holdings in Annaly Capital Management by 15.4% in the third quarter. Plan Group Financial LLC now owns 38,710 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 5,173 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly 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 filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NLY shares. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, October 31st. Compass Point lifted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Stock Down 1.1 %

NLY opened at $19.06 on Thursday. Annaly Capital Management, Inc. has a 12 month low of $16.76 and a 12 month high of $21.11. The firm’s fifty day simple moving average is $19.96 and its 200 day simple moving average is $19.80.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (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 prior year, the business earned $0.66 EPS. On average, research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -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.