GSA Capital Partners LLP Lowers Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

GSA Capital Partners LLP trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 46.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,595 shares of the real estate investment trust’s stock after selling 31,237 shares during the period. GSA Capital Partners LLP’s holdings in Annaly Capital Management were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Beaird Harris Wealth Management LLC grew its holdings in Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 500 shares during the period. Redmont Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 20.6% during the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 559 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the period. Wesbanco Bank Inc. boosted its holdings in Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Annaly Capital Management by 3.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 597 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.69 on Monday. The company has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $19.85. The company has a market cap of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52. Annaly Capital Management, Inc. has a 12 month low of $17.23 and a 12 month high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (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 analyst estimates 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 quarter last year, the business posted $0.66 EPS. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.20%. Annaly Capital Management’s payout ratio is currently -3,714.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Compass Point boosted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.