Kovack Advisors Inc. Has $732,000 Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Kovack Advisors Inc. decreased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 36,482 shares of the real estate investment trust’s stock after selling 857 shares during the quarter. Kovack Advisors Inc.’s holdings in Annaly Capital Management were worth $732,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its position in shares of Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC grew its holdings in shares of Annaly Capital Management by 20.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 559 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% in 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 acquiring an additional 576 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in 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 worth $428,000 after acquiring an additional 584 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Annaly Capital Management by 3.0% in 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 purchasing an additional 597 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY opened at $19.62 on Thursday. The business has a fifty day simple moving average of $19.89 and a 200 day simple moving average of $19.83. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The company has a market capitalization of $11.00 billion, a PE ratio of -280.21 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.26%. Annaly Capital Management’s payout ratio is -3,714.29%.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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