Rock Point Advisors LLC Grows Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Rock Point Advisors LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,130 shares of the real estate investment trust’s stock after purchasing an additional 5,755 shares during the quarter. Rock Point Advisors LLC’s holdings in Annaly Capital Management were worth $4,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 850 shares during the last quarter. UMB Bank n.a. lifted its position in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP acquired a new position in Annaly Capital Management in the second quarter valued at $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its holdings in shares of Annaly Capital Management by 31.8% during the third 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. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on NLY shares. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $23.00 in a 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 on the stock in a report on Thursday, October 31st. Finally, 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 research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.33.

Annaly Capital Management Price Performance

Shares of NLY stock traded down $0.17 during mid-day trading on Tuesday, hitting $19.72. The stock had a trading volume of 504,335 shares, compared to its average volume of 4,261,050. The firm has a market cap of $11.05 billion, a PE ratio of -284.43 and a beta of 1.52. The company’s 50-day simple moving average is $19.79 and its 200-day simple moving average is $19.86. Annaly Capital Management, Inc. has a fifty-two week low of $17.23 and a fifty-two week 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 net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the previous year, the business earned $0.66 EPS. On average, analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed 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 13.18%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

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.