AlphaCore Capital LLC Sells 9,900 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

AlphaCore Capital LLC reduced its position in Annaly Capital Management, Inc. (NYSE:NLY) by 40.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,677 shares of the real estate investment trust’s stock after selling 9,900 shares during the period. AlphaCore Capital LLC’s holdings in Annaly Capital Management were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis boosted its stake in Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 67,788 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after purchasing an additional 138,320 shares during the last quarter. Clarity Financial LLC acquired a new stake in shares of Annaly Capital Management in the 3rd quarter worth $6,687,000. Russell Investments Group Ltd. grew its stake in Annaly Capital Management by 27.3% during the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after buying an additional 36,269 shares during the last quarter. Finally, PGGM Investments increased its position in Annaly Capital Management by 152.0% during the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after buying an additional 258,388 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NLY shares. Argus upgraded 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 boosted their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management Stock Performance

Shares of NLY opened at $19.77 on Friday. The stock has a 50 day moving average price of $19.83 and a 200 day moving average price of $19.85. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of -282.43 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $17.23 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same quarter in the previous year, the business posted $0.66 EPS. On average, analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.15%. Annaly Capital Management’s dividend payout ratio (DPR) 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.