Plan Group Financial LLC Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Plan Group Financial LLC boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 15.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,710 shares of the real estate investment trust’s stock after purchasing an additional 5,173 shares during the period. Plan Group Financial LLC’s holdings in Annaly Capital Management were worth $777,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NLY. Allspring Global Investments Holdings LLC lifted its stake in Annaly Capital Management by 8.1% during 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 acquiring an additional 1,342,056 shares during the period. Bank of New York Mellon Corp raised its position in Annaly Capital Management by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after acquiring an additional 41,069 shares during the period. Algebris UK Ltd raised its position in Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after acquiring an additional 2,671,236 shares during the period. Van ECK Associates Corp raised its position in Annaly Capital Management by 9.4% during the first quarter. Van ECK Associates Corp now owns 1,953,594 shares of the real estate investment trust’s stock worth $38,466,000 after acquiring an additional 168,068 shares during the period. Finally, Victory Capital Management Inc. raised its position in Annaly Capital Management by 2.6% during the second quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust’s stock worth $35,540,000 after acquiring an additional 47,116 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.1 %

Shares of NLY opened at $19.62 on Wednesday. The firm has a market cap of $9.82 billion, a PE ratio of -20.26 and a beta of 1.51. The company’s 50 day simple moving average is $20.11 and its 200-day simple moving average is $19.74. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.66 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.25%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Compass Point upped their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Insider Buying and Selling 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 on Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.