Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,069 shares of the real estate investment trust’s stock after selling 22,883 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Annaly Capital Management worth $7,381,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Selway Asset Management purchased a new position in Annaly Capital Management in the 3rd quarter worth approximately $26,000. Lazard Asset Management LLC lifted its holdings in Annaly Capital Management by 1,834.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,596 shares in the last quarter. Central Bank & Trust Co. purchased a new position in Annaly Capital Management in the 4th quarter worth approximately $34,000. BluePath Capital Management LLC purchased a new position in Annaly Capital Management in the 3rd quarter worth approximately $34,000. Finally, NBC Securities Inc. purchased a new position in Annaly Capital Management in the 3rd quarter worth approximately $38,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Annaly Capital Management Stock Performance

NYSE NLY opened at $18.44 on Friday. The company has a market cap of $9.23 billion, a P/E ratio of -5.11 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $19.20 and its 200-day moving average price is $18.62. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 14.10%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is currently -72.02%.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’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 transaction of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.