Teachers Retirement System of The State of Kentucky Trims Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Teachers Retirement System of The State of Kentucky lowered its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,473 shares of the real estate investment trust’s stock after selling 4,380 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Annaly Capital Management were worth $3,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% during 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 purchasing an additional 850 shares in the last quarter. UMB Bank n.a. increased 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 valued at $31,000 after buying an additional 647 shares in the last quarter. Quarry LP purchased a new position in Annaly Capital Management during the second quarter valued at $36,000. Toth Financial Advisory Corp boosted its holdings 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 acquiring an additional 576 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in shares of Annaly Capital Management by 94.2% in the third quarter. MCF Advisors LLC now owns 4,219 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,047 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NLY shares. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. 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 report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.50.

Annaly Capital Management Trading Up 0.1 %

Shares of NLY opened at $19.78 on Friday. The firm has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.85. The firm has a market cap of $11.09 billion, a PE ratio of -282.57 and a beta of 1.51. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the company posted $0.66 EPS. As a group, research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. 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 (DPR) is -3,714.29%.

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.