Private Trust Co. NA Lowers Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Private Trust Co. NA lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 27.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,867 shares of the real estate investment trust’s stock after selling 3,009 shares during the period. Private Trust Co. NA’s holdings in Annaly Capital Management were worth $152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 2.9% during the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after purchasing an additional 3,668,441 shares in the last quarter. BlackRock Inc. increased its holdings in Annaly Capital Management by 1.1% in the first quarter. BlackRock Inc. now owns 54,913,095 shares of the real estate investment trust’s stock valued at $1,049,389,000 after buying an additional 576,515 shares during the last quarter. State Street Corp increased its holdings in Annaly Capital Management by 14.0% in the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after buying an additional 4,263,394 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Annaly Capital Management by 2.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,870,508 shares of the real estate investment trust’s stock valued at $317,334,000 after buying an additional 328,780 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Annaly Capital Management by 166.1% during the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock valued at $87,858,000 after purchasing an additional 9,279,874 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NLY. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading upped their target price on Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Compass Point initiated coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Finally, StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $21.19.

Annaly Capital Management Stock Performance

NLY opened at $19.44 on Wednesday. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of -5.38 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The business has a 50 day moving average price of $19.24 and a two-hundred day moving average price of $18.64.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.65 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 13.38%. Annaly Capital Management’s dividend payout ratio (DPR) is -72.02%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by 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.