Retirement Systems of Alabama Sells 10,310 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Retirement Systems of Alabama cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 839,614 shares of the real estate investment trust’s stock after selling 10,310 shares during the period. Retirement Systems of Alabama owned 0.17% of Annaly Capital Management worth $16,003,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Annaly Capital Management in the 4th quarter valued at approximately $110,244,000. Balyasny Asset Management L.P. increased its position in Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after acquiring an additional 3,762,652 shares during the period. Algebris UK Ltd raised its stake in Annaly Capital Management by 195.9% during the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after purchasing an additional 2,671,236 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after purchasing an additional 1,619,729 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Annaly Capital Management by 1,505.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock valued at $32,482,000 after purchasing an additional 1,572,487 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 0.7 %

NYSE NLY opened at $20.01 on Friday. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The stock’s 50 day moving average is $19.82 and its two-hundred day moving average is $19.48. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of -20.63 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, analysts predict that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date was Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target for the company. Finally, Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

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.