Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 76.2% in the third quarter, Holdings Channel.com reports. The fund owned 4,372 shares of the real estate investment trust’s stock after acquiring an additional 1,891 shares during the quarter. Farther Finance Advisors LLC’s holdings in Annaly Capital Management were worth $88,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after buying an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers increased its holdings in Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock valued at $19,898,000 after buying an additional 828,325 shares during the last quarter. Swedbank AB purchased a new stake in Annaly Capital Management during the first quarter worth approximately $12,781,000. International Assets Investment Management LLC boosted its stake 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 acquiring an additional 430,604 shares in the last quarter. Finally, M&G Plc acquired a new position in Annaly Capital Management during the first quarter worth approximately $7,941,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insider Transactions at Annaly Capital Management

In related 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 completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NLY. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus upgraded 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 research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $19.48 on Wednesday. The firm has a market cap of $10.92 billion, a PE ratio of -278.29 and a beta of 1.52. Annaly Capital Management, Inc. has a 1 year low of $16.76 and a 1 year high of $21.11. The firm’s 50-day simple moving average is $19.90 and its 200-day simple moving average is $19.83.

Annaly Capital Management (NYSE:NLY) last released its earnings results 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). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the prior year, the business earned $0.66 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.35%. Annaly Capital Management’s dividend payout ratio (DPR) is -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.