Wesbanco Bank Inc. Buys 584 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Wesbanco Bank Inc. grew its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,314 shares of the real estate investment trust’s stock after buying an additional 584 shares during the period. Wesbanco Bank Inc.’s holdings in Annaly Capital Management were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in Annaly Capital Management during the first quarter worth about $29,000. UMB Bank n.a. lifted its position in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 647 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Annaly Capital Management in the first quarter worth approximately $37,000. Quarry LP purchased a new stake in Annaly Capital Management in the second quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its position in Annaly Capital Management by 107.5% during 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 acquiring an additional 1,076 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.0 %

Shares of Annaly Capital Management stock opened at $20.17 on Thursday. The company has a market cap of $10.09 billion, a PE ratio of -20.79 and a beta of 1.51. The business has a 50 day moving average of $20.10 and a 200 day moving average of $19.72. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. During the same period last year, the company posted $0.72 EPS. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.89%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent research reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

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.