Stratos Wealth Partners LTD. Sells 2,057 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Stratos Wealth Partners LTD. lessened its position in Annaly Capital Management, Inc. (NYSE:NLY) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,518 shares of the real estate investment trust’s stock after selling 2,057 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Annaly Capital Management were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC bought a new stake in Annaly Capital Management during the 4th quarter valued at about $2,119,000. Allworth Financial LP lifted its holdings in Annaly Capital Management by 141.9% during the 4th quarter. Allworth Financial LP now owns 3,411 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,001 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Annaly Capital Management by 117.2% during the 4th quarter. Sowell Financial Services LLC now owns 30,106 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 16,247 shares in the last quarter. Highlander Capital Management LLC lifted its holdings in Annaly Capital Management by 48.8% during the 4th quarter. Highlander Capital Management LLC now owns 6,399 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 2,100 shares in the last quarter. Finally, Proffitt & Goodson Inc. lifted its holdings in Annaly Capital Management by 1.7% during the 4th quarter. Proffitt & Goodson Inc. now owns 51,976 shares of the real estate investment trust’s stock valued at $1,007,000 after buying an additional 860 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Annaly Capital Management Stock Down 2.3 %

Shares of Annaly Capital Management stock opened at $18.03 on Tuesday. The firm’s 50 day moving average price is $19.18 and its 200-day moving average price is $18.61. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The company has a market cap of $9.02 billion, a P/E ratio of -4.99 and a beta of 1.54.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.42%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s payout ratio is currently -72.02%.

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.