GWN Securities Inc. Sells 203,693 Shares of Annaly Capital Management Inc $NLY

GWN Securities Inc. lessened its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 94.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,239 shares of the real estate investment trust’s stock after selling 203,693 shares during the quarter. GWN Securities Inc.’s holdings in Annaly Capital Management were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in Annaly Capital Management during the first quarter valued at approximately $28,000. Twin Tree Management LP bought a new position in Annaly Capital Management during the first quarter valued at approximately $29,000. MCF Advisors LLC grew its holdings in Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,598 shares during the last quarter. Bogart Wealth LLC grew its holdings in Annaly Capital Management by 416.7% during the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Quarry LP grew its holdings in Annaly Capital Management by 105.9% during the first quarter. Quarry LP now owns 2,496 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,284 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.4%

Shares of Annaly Capital Management stock opened at $20.74 on Friday. The company’s fifty day simple moving average is $21.15 and its 200-day simple moving average is $20.09. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 6.47 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.5%. Annaly Capital Management’s payout ratio is currently 129.63%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Jones Trading reiterated a “buy” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.71.

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.