Coastwise Capital Group LLC Has $270,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Coastwise Capital Group LLC lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,476 shares of the real estate investment trust’s stock after buying an additional 1,611 shares during the period. Coastwise Capital Group LLC’s holdings in Annaly Capital Management were worth $270,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NLY. Redmont Wealth Advisors LLC boosted its position in 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 purchasing an additional 559 shares during the last quarter. Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 584 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Annaly Capital Management by 3.0% in the 2nd 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. Finally, UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.93 on Monday. The stock’s fifty day moving average price is $19.72 and its two-hundred day moving average price is $19.85. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of -284.71 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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. On average, 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.05%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s payout ratio is currently -3,714.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Argus raised shares of 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. 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. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.