Annaly Capital Management Inc $NLY Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its stake in Annaly Capital Management Inc (NYSE:NLY) by 9.2% during the second quarter, HoldingsChannel reports. The firm owned 65,753 shares of the real estate investment trust’s stock after selling 6,677 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Annaly Capital Management were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NLY. Guidance Point Advisors LLC boosted its stake in shares of Annaly Capital Management by 3.1% in the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 519 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Annaly Capital Management by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust’s stock valued at $1,350,000 after buying an additional 611 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Annaly Capital Management by 5.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 688 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Annaly Capital Management by 3.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock valued at $436,000 after buying an additional 779 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of Annaly Capital Management by 4.7% in the second quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target 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. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. UBS Group lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada boosted their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.63.

Annaly Capital Management Stock Up 1.0%

NLY opened at $21.16 on Tuesday. The business’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 4.96 and a beta of 1.25. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS 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 for the quarter, compared to the consensus estimate of $493.55 million. Analysts anticipate that Annaly Capital Management Inc will post 2.81 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, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s payout ratio is 129.63%.

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.