Parallel Advisors LLC Reduces Stock Position in Annaly Capital Management Inc $NLY

Parallel Advisors LLC lowered its position in Annaly Capital Management Inc (NYSE:NLY) by 18.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,014 shares of the real estate investment trust’s stock after selling 6,771 shares during the period. Parallel Advisors LLC’s holdings in Annaly Capital Management were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NLY. Quantinno Capital Management LP purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at $240,000. ProShare Advisors LLC boosted its holdings in Annaly Capital Management by 20.0% in the fourth quarter. ProShare Advisors LLC now owns 26,227 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 4,375 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Annaly Capital Management by 10.8% in the fourth quarter. Rafferty Asset Management LLC now owns 12,802 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 1,250 shares during the last quarter. Royal Bank of Canada boosted its holdings in Annaly Capital Management by 18.6% in the fourth quarter. Royal Bank of Canada now owns 1,042,238 shares of the real estate investment trust’s stock valued at $19,073,000 after purchasing an additional 163,155 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Annaly Capital Management by 12.8% in the fourth quarter. Toronto Dominion Bank now owns 72,338 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 8,212 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 1.4%

NLY opened at $21.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50 day simple moving average is $20.94 and its two-hundred day simple moving average is $20.00. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 5.14 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s payout ratio is currently 277.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NLY shares. Keefe, Bruyette & Woods upped their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. UBS Group upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Jones Trading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.81.

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.