Williams Jones Wealth Management LLC. Sells 7,200 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Williams Jones Wealth Management LLC. decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLYFree Report) by 37.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,250 shares of the real estate investment trust’s stock after selling 7,200 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Annaly Capital Management were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Core Wealth Advisors Inc. increased its holdings in shares of Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Rise Advisors LLC bought a new position in Annaly Capital Management during the first quarter worth $29,000. GAMMA Investing LLC acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at $33,000. First United Bank & Trust bought a new position in shares of Annaly Capital Management in the fourth quarter valued at about $33,000. Finally, Central Bank & Trust Co. acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $34,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY traded up $0.04 during trading hours on Wednesday, hitting $20.77. 96,669 shares of the company were exchanged, compared to its average volume of 3,514,536. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The firm’s fifty day moving average is $19.75 and its 200 day moving average is $19.36.

Annaly Capital Management (NYSE:NLYGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter in the prior year, the business posted $0.81 earnings per share. Sell-side analysts expect that Annaly Capital Management, Inc. will post 2.64 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

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 of this dividend is Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 12.52%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Wall Street Analysts Forecast Growth

NLY has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Compass Point began coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.06.

Read Our Latest Stock Report on NLY

About Annaly Capital Management

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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