Sheaff Brock Investment Advisors LLC Has $458,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sheaff Brock Investment Advisors LLC increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,807 shares of the real estate investment trust’s stock after buying an additional 3,186 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Annaly Capital Management were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NLY. Envestnet Portfolio Solutions Inc. grew its position in Annaly Capital Management by 31.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 3,430 shares in the last quarter. Russell Investments Group Ltd. grew its position in Annaly Capital Management by 27.3% during the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock worth $3,303,000 after buying an additional 36,269 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Annaly Capital Management by 4.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 420,746 shares of the real estate investment trust’s stock worth $8,040,000 after buying an additional 17,045 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Annaly Capital Management by 20.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 279,239 shares of the real estate investment trust’s stock worth $5,498,000 after buying an additional 46,620 shares in the last quarter. Finally, M&G Plc acquired a new stake in Annaly Capital Management during the first quarter worth about $7,941,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.5 %

Shares of NYSE NLY opened at $19.69 on Friday. The firm has a market cap of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.23 and a 1-year high of $21.11. The company has a fifty day moving average price of $19.87 and a 200 day moving average price of $19.84.

Annaly Capital Management (NYSE:NLY) last issued its quarterly 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 last year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.20%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent research reports. 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 report on Thursday, October 31st. Compass Point lifted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.