Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,235 shares of the real estate investment trust’s stock after selling 3,371 shares during the period. Amalgamated Bank’s holdings in Annaly Capital Management were worth $6,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its position in shares of Annaly Capital Management by 1.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock worth $1,310,000 after purchasing an additional 717 shares during the last quarter. Fifth Third Bancorp increased its holdings in Annaly Capital Management by 37.9% in the third quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 773 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Annaly Capital Management by 2.8% during the third quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 800 shares in the last quarter. Bell Bank lifted its holdings in Annaly Capital Management by 0.7% during the 3rd quarter. Bell Bank now owns 113,786 shares of the real estate investment trust’s stock worth $2,140,000 after buying an additional 803 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Annaly Capital Management by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,099 shares of the real estate investment trust’s stock worth $4,196,000 after acquiring an additional 840 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NLY has been the topic of several research reports. Jonestrading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, April 25th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Monday, February 12th. 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.08.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.35 on Monday. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $9.68 billion, a P/E ratio of -19.95 and a beta of 1.54. The firm’s 50 day moving average is $19.14 and its two-hundred day moving average is $18.69.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter last year, the company earned $0.81 EPS. Analysts anticipate that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.60 annualized dividend and a dividend yield of 13.44%. Annaly Capital Management’s dividend payout ratio (DPR) is -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.