Clarity Capital Partners LLC Makes New $216,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Clarity Capital Partners LLC acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,760 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Annaly Capital Management by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after acquiring an additional 41,069 shares during the last quarter. Algebris UK Ltd increased its position in shares of Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after acquiring an additional 2,671,236 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Annaly Capital Management by 19.2% during the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock worth $37,395,000 after acquiring an additional 308,618 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Annaly Capital Management by 2.6% during the second quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust’s stock worth $35,540,000 after acquiring an additional 47,116 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insiders Place Their Bets

In other Annaly Capital Management 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NLY. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Trading Up 0.4 %

Shares of NYSE NLY opened at $19.04 on Tuesday. The stock has a 50 day simple moving average of $19.99 and a 200-day simple moving average of $19.79. Annaly Capital Management, Inc. has a 12-month low of $16.76 and a 12-month high of $21.11.

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

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.66%. Annaly Capital Management’s dividend payout ratio (DPR) is -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.