Savvy Advisors Inc. Has $725,000 Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Savvy Advisors Inc. boosted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,148 shares of the real estate investment trust’s stock after buying an additional 6,892 shares during the quarter. Savvy Advisors Inc.’s holdings in Annaly Capital Management were worth $725,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NLY. Beaird Harris Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 21.4% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC boosted its position in shares of Annaly Capital Management by 20.6% during the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 559 shares during the last quarter. Toth Financial Advisory Corp boosted its position in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Annaly Capital Management by 3.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 597 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NLY has been the topic of several analyst reports. Compass Point lifted their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Trading Down 1.8 %

NYSE:NLY opened at $19.48 on Wednesday. Annaly Capital Management, Inc. has a 52-week low of $16.76 and a 52-week high of $21.11. The business’s fifty day moving average is $19.90 and its 200 day moving average is $19.83.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data 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). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Research analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.35%. Annaly Capital Management’s payout ratio is -3,714.29%.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.