Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 280,375 shares of the real estate investment trust’s stock after selling 4,554 shares during the period. Thrivent Financial for Lutherans’ holdings in Annaly Capital Management were worth $5,627,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in shares of Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares during the last quarter. Cetera Investment Advisers increased its position in Annaly Capital Management by 454.6% during the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after purchasing an additional 828,325 shares during the last quarter. Swedbank AB purchased a new position in Annaly Capital Management during the first quarter worth about $12,781,000. International Assets Investment Management LLC boosted its holdings in Annaly Capital Management by 2,254.2% in the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after purchasing an additional 430,604 shares during the last quarter. Finally, Clarity Financial LLC purchased a new stake in shares of Annaly Capital Management in the 3rd quarter valued at approximately $6,687,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.81 on Friday. The firm has a market capitalization of $11.10 billion, a PE ratio of -283.00 and a beta of 1.52. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The firm’s 50-day moving average is $19.81 and its two-hundred day moving average is $19.86.

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 the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the previous year, the company earned $0.66 earnings per share. Analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS 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. Investors of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.12%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Analysts Set New Price Targets

A number of research firms recently commented on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company 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 eight have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price 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.