American International Group Inc. Cuts Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

American International Group Inc. cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,960 shares of the real estate investment trust’s stock after selling 13,495 shares during the period. American International Group Inc. owned about 0.13% of Annaly Capital Management worth $13,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sunbelt Securities Inc. increased its stake in shares of Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 562 shares during the period. Family Asset Management LLC increased its stake in shares of Annaly Capital Management by 2.7% during the fourth quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 596 shares during the period. Retirement Group LLC increased its stake in shares of Annaly Capital Management by 27.7% during the first quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 687 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Annaly Capital Management by 6.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 704 shares during the period. Finally, Evoke Wealth LLC increased its stake in shares of Annaly Capital Management by 0.5% during the fourth quarter. Evoke Wealth LLC now owns 153,136 shares of the real estate investment trust’s stock worth $3,066,000 after buying an additional 718 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NLY. Compass Point began coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Janney Montgomery Scott started coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. Jonestrading reissued a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.06.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded down $0.08 during midday trading on Thursday, reaching $19.82. The company’s stock had a trading volume of 2,002,358 shares, compared to its average volume of 3,542,508. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The stock’s 50 day simple moving average is $19.77 and its 200 day simple moving average is $19.41. The firm has a market capitalization of $9.92 billion, a PE ratio of -20.53 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same quarter last year, the company earned $0.72 earnings per share. Equities analysts predict that Annaly Capital Management, Inc. will post 2.63 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.12%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is currently -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.