Moloney Securities Asset Management LLC Decreases Stake in Annaly Capital Management Inc $NLY

Moloney Securities Asset Management LLC cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,215 shares of the real estate investment trust’s stock after selling 3,930 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Annaly Capital Management were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Annaly Capital Management by 83.6% in the first quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,236 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Annaly Capital Management by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,591 shares of the real estate investment trust’s stock worth $1,048,000 after buying an additional 2,903 shares during the period. Oppenheimer & Co. Inc. raised its position in Annaly Capital Management by 8.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 75,238 shares of the real estate investment trust’s stock worth $1,528,000 after buying an additional 6,007 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Annaly Capital Management by 6.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 223,954 shares of the real estate investment trust’s stock valued at $4,549,000 after acquiring an additional 13,835 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Annaly Capital Management by 11.7% in the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jones Trading reissued a “buy” rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Royal Bank Of Canada upped their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.63.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.96 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The stock’s 50-day moving average price is $21.13 and its 200-day moving average price is $20.01. The stock has a market capitalization of $13.46 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 4.96 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The company had revenue of $885.58 million during the quarter, compared to analysts’ expectations of $493.55 million. As a group, equities analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 129.63%.

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.