Old Port Advisors Sells 971 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Old Port Advisors reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,573 shares of the real estate investment trust’s stock after selling 971 shares during the quarter. Old Port Advisors’ holdings in Annaly Capital Management were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after buying an additional 1,342,056 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Annaly Capital Management by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after purchasing an additional 41,069 shares during the period. Algebris UK Ltd boosted its position in shares of Annaly Capital Management by 195.9% in the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after purchasing an additional 2,671,236 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of 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 purchasing an additional 168,068 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Annaly Capital Management by 2.6% in the second quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust’s stock valued at $35,540,000 after purchasing an additional 47,116 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on 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 in the company, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Annaly Capital Management Trading Down 1.6 %

NLY opened at $19.17 on Tuesday. The stock has a market capitalization of $10.32 billion, a P/E ratio of -273.86 and a beta of 1.51. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11. The firm’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $19.76.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data 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 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 period in the prior year, the company earned $0.66 earnings per share. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.56%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Analysts Set New Price Targets

NLY has been the topic of a number of recent analyst reports. Compass Point raised their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

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.