Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,101 shares of the real estate investment trust’s stock after selling 5,708 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Annaly Capital Management were worth $862,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Avior Wealth Management LLC boosted its holdings 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 purchasing an additional 850 shares during the period. UMB Bank n.a. raised 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 valued at $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP purchased a new position in shares of Annaly Capital Management in the 2nd quarter valued at about $36,000. Toth Financial Advisory Corp grew its position 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 worth $48,000 after buying an additional 576 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of Annaly Capital Management during the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.8 %

NYSE:NLY opened at $18.72 on Thursday. The company has a market capitalization of $10.49 billion, a PE ratio of -267.43 and a beta of 1.51. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The stock’s 50 day moving average price is $19.30 and its 200 day moving average price is $19.68.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NLY shares. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.22.

Annaly Capital Management Company 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.