The Manufacturers Life Insurance Company Has $8.41 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

The Manufacturers Life Insurance Company reduced its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,972 shares of the real estate investment trust’s stock after selling 14,865 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Annaly Capital Management worth $8,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. UMB Bank n.a. grew its position in Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP acquired a new position in Annaly Capital Management in the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,076 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of Annaly Capital Management by 31.8% during the third 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 in the last quarter. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Annaly Capital Management Stock Down 0.9 %

NLY opened at $19.74 on Wednesday. The company has a fifty day moving average price of $19.71 and a two-hundred day moving average price of $19.85. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the company posted $0.66 earnings per share. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm 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 of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.17%. Annaly Capital Management’s payout ratio is -3,714.29%.

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.