DekaBank Deutsche Girozentrale Has $1.44 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

DekaBank Deutsche Girozentrale lowered its position in Annaly Capital Management, Inc. (NYSE:NLY) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,328 shares of the real estate investment trust’s stock after selling 1,153 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Annaly Capital Management were worth $1,444,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NLY. Beaird Harris Wealth Management LLC increased its stake 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 during the period. Redmont Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 20.6% in the 2nd 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. Toth Financial Advisory Corp grew its stake in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of Annaly Capital Management by 2.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of 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. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $18.96 on Friday. The firm has a 50 day simple moving average of $19.99 and a 200 day simple moving average of $19.76. Annaly Capital Management, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $21.11. The firm has a market cap of $10.20 billion, a P/E ratio of -270.86 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the business posted $0.66 earnings per share. On average, sell-side analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.71%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred 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 sale, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NLY shares. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, Compass Point lifted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

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.