Annaly Capital Management Inc $NLY Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in Annaly Capital Management Inc (NYSE:NLY) by 67.7% in the 3rd quarter, Holdings Channel reports. The firm owned 13,000 shares of the real estate investment trust’s stock after selling 27,306 shares during the quarter. International Assets Investment Management LLC’s holdings in Annaly Capital Management were worth $246,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lebenthal Global Advisors LLC grew its stake in shares of Annaly Capital Management by 38.8% in the third quarter. Lebenthal Global Advisors LLC now owns 65,097 shares of the real estate investment trust’s stock valued at $1,230,000 after buying an additional 18,199 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Annaly Capital Management by 814.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 2,268,458 shares of the real estate investment trust’s stock worth $42,851,000 after acquiring an additional 2,020,458 shares during the period. Blueprint Investment Partners LLC boosted its holdings in Annaly Capital Management by 4.1% in the 3rd quarter. Blueprint Investment Partners LLC now owns 15,107 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 590 shares during the period. Blueprint Financial Advisors LLC boosted its holdings in Annaly Capital Management by 4.1% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 14,944 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 585 shares during the period. Finally, Sage Rhino Capital LLC grew its position in Annaly Capital Management by 27.5% in the third quarter. Sage Rhino Capital LLC now owns 13,017 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 2,804 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.7%

NYSE:NLY traded down $0.12 during trading hours on Friday, reaching $18.73. 11,982,841 shares of the stock were exchanged, compared to its average volume of 11,858,245. The firm has a 50 day simple moving average of $19.86 and a 200-day simple moving average of $21.83. Annaly Capital Management Inc has a 52 week low of $17.70 and a 52 week high of $24.52. The stock has a market capitalization of $14.75 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.42 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $637.41 million. As a group, analysts expect that Annaly Capital Management Inc will post 3.13 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 16.0%. Annaly Capital Management’s payout ratio is presently 209.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NLY. Royal Bank Of Canada set a $21.00 price objective on shares of Annaly Capital Management and gave the company an “outperform” rating in a research note on Thursday, October 22nd. BTIG Research set a $21.00 target price on shares of Annaly Capital Management and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Wells Fargo & Company set a $22.00 target price on shares of Annaly Capital Management and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Barclays set a $21.00 price target on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Finally, JonesTrading dropped their price target on shares of Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $21.67.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.