SpiderRock Advisors LLC Sells 4,242 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

SpiderRock Advisors LLC trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 10.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,009 shares of the real estate investment trust’s stock after selling 4,242 shares during the period. SpiderRock Advisors LLC’s holdings in Annaly Capital Management were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis increased its position in Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 67,788 shares during the period. Clarity Financial LLC bought a new stake in shares of Annaly Capital Management during the third quarter worth approximately $6,687,000. Russell Investments Group Ltd. lifted its holdings in Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after buying an additional 36,269 shares during the period. PGGM Investments boosted its stake in Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after acquiring an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in Annaly Capital Management during the 2nd quarter worth $478,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NLY shares. JPMorgan Chase & Co. cut 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. Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Finally, StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Annaly Capital Management Stock Up 1.8 %

Shares of NLY stock opened at $19.83 on Monday. Annaly Capital Management, Inc. has a 12-month low of $16.76 and a 12-month high of $21.11. The firm has a fifty day moving average of $19.92 and a 200-day moving average of $19.82. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of -283.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) 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 the consensus estimate 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 quarter last year, the company posted $0.66 EPS. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.11%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

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.