Annaly Capital Management Inc $NLY Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,541 shares of the real estate investment trust’s stock after selling 6,585 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Annaly Capital Management were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. GAMMA Investing LLC increased its position in shares of Annaly Capital Management by 83.6% in the 1st quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 2,236 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Annaly Capital Management by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,591 shares of the real estate investment trust’s stock valued at $1,048,000 after purchasing an additional 2,903 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Annaly Capital Management by 6.1% in the first quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust’s stock valued at $1,376,000 after purchasing an additional 3,870 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Annaly Capital Management by 98.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust’s stock worth $1,305,000 after purchasing an additional 31,914 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth about $25,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Jones Trading reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada increased their price target 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. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.50.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $21.12 on Tuesday. The firm has a market cap of $13.56 billion, a PE ratio of 20.91, a P/E/G ratio of 4.93 and a beta of 1.25. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $21.11 and a 200 day moving average price of $19.94.

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

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.3%. Annaly Capital Management’s dividend payout ratio is currently 277.23%.

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.