Continuum Advisory LLC Lowers Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Continuum Advisory LLC decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 161,810 shares of the real estate investment trust’s stock after selling 2,332 shares during the period. Continuum Advisory LLC’s holdings in Annaly Capital Management were worth $3,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Core Wealth Advisors Inc. boosted its holdings in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. GAMMA Investing LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $33,000. First United Bank & Trust acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $33,000. Central Bank & Trust Co. acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Annaly Capital Management by 470.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,403 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,982 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 2.2 %

Shares of NLY traded up $0.43 during trading hours on Wednesday, hitting $19.88. The company had a trading volume of 3,701,017 shares, compared to its average volume of 3,407,526. The firm has a market cap of $9.95 billion, a P/E ratio of -20.60 and a beta of 1.53. The stock’s 50 day moving average price is $19.29 and its 200 day moving average price is $19.26. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same period last year, the firm earned $0.81 earnings per share. On average, research analysts expect that Annaly Capital Management, Inc. will post 2.64 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.65 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.08%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NLY shares. StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Jonestrading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. Janney Montgomery Scott began coverage on Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $21.07.

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.