Signaturefd LLC Buys 849 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Signaturefd LLC boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,208 shares of the real estate investment trust’s stock after purchasing an additional 849 shares during the period. Signaturefd LLC’s holdings in Annaly Capital Management were worth $145,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NLY. UMB Bank n.a. grew its holdings in shares of 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 worth $31,000 after acquiring an additional 647 shares during the period. Quarry LP purchased a new position in Annaly Capital Management in the second quarter worth about $36,000. EverSource Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,076 shares during the period. Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% during the 3rd 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 last quarter. Finally, Tobam purchased a new position in shares of Annaly Capital Management in the first quarter worth approximately $53,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased 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. Compass Point upped their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management Stock Down 1.1 %

NYSE NLY opened at $19.49 on Monday. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11. The business has a 50-day moving average price of $20.09 and a 200-day moving average price of $19.75. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of -14.65 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same quarter in the previous year, the company earned $0.66 earnings per share. Research analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.34%. Annaly Capital Management’s payout ratio is -195.49%.

Annaly Capital Management Company 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.