Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 38.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,778 shares of the real estate investment trust’s stock after buying an additional 4,644 shares during the quarter. Evergreen Capital Management LLC’s holdings in Annaly Capital Management were worth $331,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NLY. Beaird Harris Wealth Management LLC grew its position in Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC boosted its stake in shares of Annaly Capital Management by 20.6% in the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 559 shares during the period. Sunbelt Securities Inc. grew its holdings in Annaly Capital Management by 6.0% during the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 562 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Annaly Capital Management by 3.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 597 shares during the period. Finally, Retirement Group LLC lifted its holdings in Annaly Capital Management by 27.7% in the 1st quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 687 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $20.40 on Friday. The company’s fifty day moving average is $20.13 and its two-hundred day moving average is $19.71. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.11. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of -21.03 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results 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. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter last year, the company posted $0.72 earnings per share. Sell-side analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 12.75%. Annaly Capital Management’s payout ratio is currently -268.04%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

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.