Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,500 shares of the real estate investment trust’s stock after acquiring an additional 19,286 shares during the quarter. D.A. Davidson & CO. owned 0.06% of Annaly Capital Management worth $6,372,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Annaly Capital Management by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after purchasing an additional 138,320 shares during the period. Clarity Financial LLC acquired a new position in shares of Annaly Capital Management in the third quarter worth about $6,687,000. PGGM Investments grew its position in shares of Annaly Capital Management by 152.0% during the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after acquiring an additional 258,388 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of Annaly Capital Management in the 2nd quarter valued at about $478,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Annaly Capital Management by 213.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 38,361 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NLY opened at $19.82 on Thursday. The company’s 50 day simple moving average is $19.77 and its two-hundred day simple moving average is $19.86. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of -283.14 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.23 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same quarter in the previous year, the business posted $0.66 EPS. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.12%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NLY. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

About Annaly Capital Management

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.