Barclays PLC Sells 274,367 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Barclays PLC lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 31.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,951 shares of the real estate investment trust’s stock after selling 274,367 shares during the quarter. Barclays PLC owned 0.11% of Annaly Capital Management worth $12,020,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NLY. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. UMB Bank n.a. grew its position 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 worth $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP acquired a new stake in Annaly Capital Management during the 2nd quarter valued at $36,000. Toth Financial Advisory Corp boosted its stake in 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 worth $48,000 after purchasing an additional 576 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Annaly Capital Management by 94.2% during the third quarter. MCF Advisors LLC now owns 4,219 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $19.78 on Monday. The company has a 50 day moving average price of $19.65 and a two-hundred day moving average price of $19.85. The company has a market capitalization of $11.09 billion, a PE ratio of -282.57 and a beta of 1.51. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week 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 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 analyst estimates of $212.00 million. During the same period in the previous year, the business posted $0.66 EPS. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.14%. Annaly Capital Management’s dividend payout ratio is currently -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.