Annaly Capital Management Inc (NLY) Position Boosted by Laurel Wealth Advisors Inc.

Laurel Wealth Advisors Inc. increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,472 shares of the real estate investment trust’s stock after acquiring an additional 156 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Annaly Capital Management were worth $198,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Sheets Smith Wealth Management lifted its stake in shares of Annaly Capital Management by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 11,119 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 67 shares during the period. C M Bidwell & Associates Ltd. lifted its stake in shares of Annaly Capital Management by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 21,800 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 115 shares during the period. Brown Advisory Securities LLC lifted its stake in shares of Annaly Capital Management by 1.3% in the first quarter. Brown Advisory Securities LLC now owns 11,171 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 144 shares during the period. Capstone Asset Management Co. lifted its stake in shares of Annaly Capital Management by 1.2% in the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 280 shares during the period. Finally, NorthRock Partners LLC lifted its stake in shares of Annaly Capital Management by 2.0% in the second quarter. NorthRock Partners LLC now owns 15,384 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 301 shares during the period. 51.34% of the stock is currently owned by institutional investors.

A number of research firms recently commented on NLY. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.69.

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Shares of Annaly Capital Management Inc (NLY) traded up 0.25% during midday trading on Thursday, reaching $12.09. The company’s stock had a trading volume of 1,639,199 shares. The company’s 50-day moving average price is $12.34 and its 200 day moving average price is $12.00. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The company has a market capitalization of $13.15 billion, a P/E ratio of 4.18 and a beta of 0.28.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The firm had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. During the same quarter in the prior year, the company earned $0.29 EPS. On average, equities research analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.95%. The ex-dividend date is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is currently 41.52%.

In other news, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $12.09 per share, with a total value of $96,720.00. Following the transaction, the director now owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the transaction, the insider now directly owns 300,000 shares in the company, valued at approximately $3,747,000. The disclosure for this purchase can be found here. Insiders bought a total of 139,200 shares of company stock valued at $1,726,513 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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