Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,160 shares of the real estate investment trust’s stock after selling 738 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Annaly Capital Management were worth $58,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after acquiring an additional 109,655 shares during the period. State Street Corp increased its holdings in shares of Annaly Capital Management by 1.3% in the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after acquiring an additional 223,294 shares during the period. Geode Capital Management LLC increased its holdings in shares of Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after acquiring an additional 241,465 shares during the period. KBC Group NV increased its holdings in shares of Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Annaly Capital Management by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust’s stock worth $73,950,000 after acquiring an additional 325,542 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NLY has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Down 0.3 %

NYSE:NLY opened at $21.70 on Friday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The company has a 50-day moving average of $20.75 and a 200-day moving average of $20.02. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.70 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

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.