Harbour Investments Inc. Decreases Position in Annaly Capital Management Inc $NLY

Harbour Investments Inc. lessened its position in Annaly Capital Management Inc (NYSE:NLY) by 12.1% during the second quarter, Holdings Channel.com reports. The fund owned 7,177 shares of the real estate investment trust’s stock after selling 987 shares during the period. Harbour Investments Inc.’s holdings in Annaly Capital Management were worth $135,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NLY. GAMMA Investing LLC grew its holdings in Annaly Capital Management by 83.6% in the 1st quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 2,236 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 acquiring an additional 2,903 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Annaly Capital Management by 6.1% in the 1st quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust’s stock worth $1,376,000 after acquiring an additional 3,870 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Annaly Capital Management by 98.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust’s stock worth $1,305,000 after acquiring an additional 31,914 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Annaly Capital Management by 8.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust’s stock worth $7,464,000 after acquiring an additional 28,570 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 1.1%

Shares of NLY opened at $21.29 on Thursday. The firm’s 50-day moving average price is $21.13 and its 200-day moving average price is $19.95. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 4.98 and a beta of 1.25. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. 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 posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The business had revenue of $885.58 million for the quarter, compared to analyst estimates of $493.55 million. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 13.2%. Annaly Capital Management’s payout ratio is presently 277.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NLY shares. UBS Group raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Royal Bank Of Canada lifted their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.50.

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.