Cadent Capital Advisors LLC Increases Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Cadent Capital Advisors LLC grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 329.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,618 shares of the real estate investment trust’s stock after acquiring an additional 35,000 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Annaly Capital Management were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $37,000. Quarry LP bought a new position in shares of Annaly Capital Management in the second quarter worth approximately $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,076 shares during the period. Finally, MCF Advisors LLC bought a new stake in Annaly Capital Management during the 1st quarter valued at $44,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Compass Point upped their price target 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. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’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 sale, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Up 0.6 %

NLY opened at $20.28 on Friday. The stock has a market cap of $10.15 billion, a PE ratio of -20.91 and a beta of 1.51. The business has a 50 day moving average of $20.11 and a 200-day moving average of $19.73. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the previous year, the business posted $0.72 EPS. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.66 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.82%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is -268.04%.

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.