B. Riley Wealth Advisors Inc. Lowers Stake in Annaly Capital Management, Inc. (NYSE:NLY)

B. Riley Wealth Advisors Inc. cut its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 18.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,675 shares of the real estate investment trust’s stock after selling 4,607 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Annaly Capital Management were worth $424,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC grew its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares during the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management in the 2nd quarter valued at about $36,000. Toth Financial Advisory Corp grew its position in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in shares of Annaly Capital Management during the 3rd quarter worth approximately $63,000. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. 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 report on Thursday, October 31st. Wells Fargo & Company upgraded 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $18.77 on Friday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The firm has a market capitalization of $10.52 billion, a PE ratio of -268.14 and a beta of 1.51. The stock’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $19.84.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the company posted $0.66 EPS. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.85%. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

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.