Capital Investment Advisors LLC Decreases Stake in Annaly Capital Management Inc $NLY

Capital Investment Advisors LLC trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 12.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,165 shares of the real estate investment trust’s stock after selling 7,917 shares during the period. Capital Investment Advisors LLC’s holdings in Annaly Capital Management were worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NLY. Wealth Enhancement Advisory Services LLC grew its stake in Annaly Capital Management by 18.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,688 shares of the real estate investment trust’s stock worth $891,000 after buying an additional 7,428 shares during the last quarter. GAMMA Investing LLC boosted its stake in Annaly Capital Management by 3,629.3% during the 1st quarter. GAMMA Investing LLC now owns 99,722 shares of the real estate investment trust’s stock worth $2,025,000 after purchasing an additional 97,048 shares during the period. Rhumbline Advisers grew its position in Annaly Capital Management by 2.4% during the 1st quarter. Rhumbline Advisers now owns 1,633,678 shares of the real estate investment trust’s stock worth $33,180,000 after purchasing an additional 38,468 shares during the last quarter. Merit Financial Group LLC acquired a new position in Annaly Capital Management in the first quarter valued at $265,000. Finally, Smith Anglin Financial LLC purchased a new stake in shares of Annaly Capital Management in the first quarter valued at about $421,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 2.1%

Shares of Annaly Capital Management stock opened at $20.64 on Thursday. The company has a 50-day moving average of $21.08 and a two-hundred day moving average of $19.97. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.25 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 4.79 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.6%. Annaly Capital Management’s dividend payout ratio is currently 277.23%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. UBS Group increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading reissued a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

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.