Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 197,175 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Annaly Capital Management were worth $3,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Core Wealth Advisors Inc. raised its holdings in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new position in Annaly Capital Management during the first quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter worth $33,000. First United Bank & Trust purchased a new position in shares of Annaly Capital Management during the 4th quarter worth $33,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management in the first quarter valued at about $37,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NLY. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Compass Point raised their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.14.

Annaly Capital Management Price Performance

Shares of NLY stock traded up $0.13 during trading hours on Friday, hitting $20.01. The company had a trading volume of 3,746,518 shares, compared to its average volume of 3,623,423. The stock has a market capitalization of $10.01 billion, a PE ratio of -20.63 and a beta of 1.53. The company’s fifty day moving average is $19.82 and its 200 day moving average is $19.48. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend was Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s 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 directly owns 612,469 shares in the company, valued at $12,280,003.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.