Sei Investments Co. Has $16.69 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sei Investments Co. increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 875,593 shares of the real estate investment trust’s stock after acquiring an additional 100,940 shares during the quarter. Sei Investments Co.’s holdings in Annaly Capital Management were worth $16,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Core Wealth Advisors Inc. increased its position in shares of Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Rise Advisors LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth approximately $29,000. Register Financial Advisors LLC bought a new position in Annaly Capital Management in the 1st quarter valued at $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. Finally, MCF Advisors LLC bought a new position in shares of Annaly Capital Management in the first quarter worth about $44,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the subject of a number of recent research reports. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 target price for the company. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point increased their target price 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. JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

Annaly Capital Management Stock Up 0.5 %

NYSE:NLY opened at $20.40 on Friday. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.11. The stock’s 50 day moving average price is $20.13 and its two-hundred day moving average price is $19.71. The firm 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 announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given 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 dividend yield of 12.75%. Annaly Capital Management’s payout ratio is presently -268.04%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated 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 approximately $12,280,003.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

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.