AIA Group Ltd Sells 3,204 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

AIA Group Ltd reduced its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 5.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 53,681 shares of the real estate investment trust’s stock after selling 3,204 shares during the period. AIA Group Ltd’s holdings in Annaly Capital Management were worth $1,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers raised its holdings in Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after purchasing an additional 828,325 shares in the last quarter. Swedbank AB purchased a new position in Annaly Capital Management during the first quarter valued at $12,781,000. International Assets Investment Management LLC boosted its holdings in shares of Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after buying an additional 430,604 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of Annaly Capital Management in the 1st quarter worth about $7,941,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.83 on Friday. Annaly Capital Management, Inc. has a 1 year low of $16.76 and a 1 year high of $21.11. The company has a market cap of $11.12 billion, a P/E ratio of -283.29 and a beta of 1.52. The stock’s fifty day moving average price is $19.92 and its 200-day moving average price is $19.81.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the firm posted $0.66 EPS. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.11%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Wall Street Analyst Weigh In

NLY has been the subject of a number of recent research reports. Compass Point lifted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Argus raised 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company upgraded 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 note on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by insiders.

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.