White Lighthouse Investment Management Inc. Raises Position in Annaly Capital Management, Inc. (NYSE:NLY)

White Lighthouse Investment Management Inc. increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 115.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,431 shares of the real estate investment trust’s stock after buying an additional 12,032 shares during the quarter. White Lighthouse Investment Management Inc.’s holdings in Annaly Capital Management were worth $450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Natixis boosted its holdings in shares of Annaly Capital Management by 16,140.0% during the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 67,788 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Annaly Capital Management by 27.3% during the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after buying an additional 36,269 shares in the last quarter. PGGM Investments raised 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 buying an additional 258,388 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Annaly Capital Management during the 2nd quarter valued at about $478,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Annaly Capital Management by 60.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust’s stock valued at $1,828,000 after buying an additional 36,266 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Trading Down 2.3 %

Shares of NLY stock traded down $0.44 during trading hours on Wednesday, reaching $18.83. 1,502,199 shares of the company’s stock were exchanged, compared to its average volume of 4,133,904. Annaly Capital Management, Inc. has a 1 year low of $16.76 and a 1 year high of $21.11. The stock has a market cap of $10.56 billion, a PE ratio of -275.29 and a beta of 1.52. The stock’s fifty day moving average price is $19.96 and its two-hundred day moving average price is $19.80.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.81%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point boosted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.33.

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.