Concurrent Investment Advisors LLC Lowers Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Concurrent Investment Advisors LLC lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 11.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,387 shares of the real estate investment trust’s stock after selling 2,786 shares during the period. Concurrent Investment Advisors LLC’s holdings in Annaly Capital Management were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC raised its position in shares of Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC raised its position in shares of Annaly Capital Management by 20.6% during 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 buying an additional 559 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Annaly Capital Management by 31.8% during 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 buying an additional 576 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Annaly Capital Management by 3.0% in 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 purchasing an additional 597 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated 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 sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Up 1.8 %

Shares of Annaly Capital Management stock opened at $19.83 on Monday. The company’s fifty day simple moving average is $19.92 and its two-hundred day simple moving average is $19.82. The firm has a market cap of $11.12 billion, a PE ratio of -283.29 and a beta of 1.52. Annaly Capital Management, Inc. has a 12-month low of $16.76 and a 12-month high of $21.11.

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

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.11%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NLY. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.33.

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.