Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 59.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,835 shares of the real estate investment trust’s stock after selling 25,776 shares during the period. Sigma Planning Corp’s holdings in Annaly Capital Management were worth $345,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Selway Asset Management acquired a new stake in shares of Annaly Capital Management in the third quarter worth approximately $26,000. BluePath Capital Management LLC acquired a new stake in Annaly Capital Management during the 3rd quarter worth $34,000. Central Bank & Trust Co. purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $34,000. NBC Securities Inc. acquired a new stake in shares of Annaly Capital Management in the third quarter valued at about $38,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Annaly Capital Management by 90.2% in the third quarter. Carmichael Hill & Associates Inc. now owns 2,472 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,172 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 1.0 %

Shares of Annaly Capital Management stock opened at $18.88 on Friday. The stock has a 50 day moving average of $19.11 and a 200 day moving average of $18.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.22 and a current ratio of 0.10. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. 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 (NYSE:NLY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same period last year, the company earned $0.81 EPS. As a group, research analysts predict that Annaly Capital Management, Inc. will post 2.54 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Insider Transactions at Annaly Capital Management

In related 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 completion of the sale, the chief executive officer now owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jonestrading reaffirmed a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Compass Point initiated coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.07.

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.