Kovack Advisors Inc. Has $364,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Kovack Advisors Inc. lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,468 shares of the real estate investment trust’s stock after selling 3,648 shares during the quarter. Kovack Advisors Inc.’s holdings in Annaly Capital Management were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NLY. Sunbelt Securities Inc. boosted its holdings in shares of Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 562 shares during the period. Family Asset Management LLC boosted its holdings in shares of Annaly Capital Management by 2.7% during the fourth quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 596 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Annaly Capital Management by 6.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 704 shares during the period. Evoke Wealth LLC boosted its holdings in shares of Annaly Capital Management by 0.5% during the fourth quarter. Evoke Wealth LLC now owns 153,136 shares of the real estate investment trust’s stock worth $3,066,000 after acquiring an additional 718 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Annaly Capital Management by 3.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 21,782 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 761 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jonestrading restated a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a report on Wednesday, March 27th. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Compass Point initiated coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. Finally, StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $21.07.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $18.95 on Friday. The stock has a 50 day simple moving average of $19.66 and a 200 day simple moving average of $19.39. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period in the previous year, the business earned $0.81 earnings per share. On average, equities research analysts expect that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 13.72%. Annaly Capital Management’s dividend payout ratio is currently -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.