Cambridge Investment Research Advisors Inc. Sells 11,492 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Cambridge Investment Research Advisors Inc. lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 288,616 shares of the real estate investment trust’s stock after selling 11,492 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of Annaly Capital Management worth $5,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NLY. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after purchasing an additional 1,619,729 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Annaly Capital Management by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock worth $343,578,000 after acquiring an additional 278,391 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after purchasing an additional 3,762,652 shares in the last quarter. Norges Bank bought a new position in Annaly Capital Management in the fourth quarter valued at about $110,244,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Annaly Capital Management by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after purchasing an additional 41,069 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target on the stock. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.99 on Thursday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of -20.61 and a beta of 1.53. The stock’s 50 day moving average price is $19.82 and its two-hundred day moving average price is $19.51. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date was Friday, June 28th. Annaly Capital Management’s payout ratio is -268.04%.

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.